State Street’s Asset Management Head admits struggling from ESG criticism

The head of State Street’s asset management division, Yie-Hsin acknowledges that it has been “difficult” to navigate the anti-ESG reaction, which has intensified in the US.

Yie-Hsin Hung, who joined the $3.3 trillion passives behemoth from New York Life Investment Management a month ago, claimed Republican lawmakers’ rhetoric has been successful in policing ESG investment in the US .

On December 15, Texas senators questioned State Street and BlackRock about