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Sammy Yip leaves State Street for Lippo

State Street Global Advisors is set to restructure its ETF business after the departure of Yip, who becomes Lippo Investment Management's third consecutive hire from SSgA, as the Indonesian firm bids to revive its former glory.

After a decade-long affair with State Street Global Advisors, Sammy Yip, head of exchange-traded funds (ETFs) for Asia-Pacific in Hong Kong, has left the firm to join a smaller local set-up, where he will be reunited with a few SSgA alumni.

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