As ETFs continue to evolve from a product wrapper into core market infrastructure, global perspectives are becoming increasingly important. In this episode of Future State, we explore how the ETF landscape is changing across regions—and what those shifts mean for issuers, asset managers, and investors.

Anna Bernasek is joined by Jeff Sardinha, Global Head of ETF Solutions at State Street, following an extended global roadshow across Europe, Asia, and Australia. Drawing on conversations with clients, exchanges, and regulators, the discussion examines the forces shaping the next phase of ETF growth—from the rise of active strategies and expanding use cases to regulatory developments, market structure, and the growing complexity of products.

The conversation offers a grounded, global view on where momentum is building, how firms are adapting, and what industry leaders should be watching as ETFs continue to scale and mature.

As ETFs continue to evolve from a product wrapper into core market infrastructure, global perspectives are becoming increasingly important. In this episode of Future State, we explore how the ETF landscape is changing across regions&mdash;and what those shifts mean for issuers, asset managers, and investors.
Anna Bernasek is joined by Jeff Sardinha, Global Head of ETF Solutions at State Street, following an extended global roadshow across Europe, Asia, and Australia. Drawing on conversations with clients, exchanges, and regulators, the discussion examines the forces shaping the next phase of ETF growth&mdash;from the rise of active strategies and expanding use cases to regulatory developments, market structure, and the growing complexity of products.
The conversation offers a grounded, global view on where momentum is building, how firms are adapting, and what industry leaders should be watching as ETFs continue to scale and mature.

The ETF Signals heard across three continents

In this episode hosts Tadhg Young and Anna Bernasek explore the shifting global landscape for retirement and what it means for financial services. They’re joined by Brendan Curran, Head of US Retirement at State Street Investment Management, and Jasper Martens, CMO of PensionBee, to discuss the macro forces reshaping retirement systems: longevity, changing career patterns, technology-driven engagement, and evolving capital markets. The conversation highlights emerging opportunities as firms adapt to a fast-changing market.

In this episode hosts Tadhg Young and Anna Bernasek explore the shifting global landscape for retirement and what it means for financial services. They&rsquo;re joined by Brendan Curran, Head of US Retirement at State Street Investment Management, and Jasper Martens, CMO of PensionBee, to discuss the macro forces reshaping retirement systems: longevity, changing career patterns, technology-driven engagement, and evolving capital markets. The conversation highlights emerging opportunities as firms adapt to a fast-changing market.

The Shifting Global Landscape for Retirement

As digital assets move toward institutional scale, regulation has become the defining factor. In this episode of Future State, we take a clear, fact‑based look at the evolving regulatory landscape and what it means for institutional markets. Cutting through hype and speculation, the conversation explores how regulation is shaping operating models, risk decisions, and the path from experimentation to scale.

As digital assets move toward institutional scale, regulation has become the defining factor. In this episode of Future State, we take a clear, fact‑based look at the evolving regulatory landscape and what it means for institutional markets. Cutting through hype and speculation, the conversation explores how regulation is shaping operating models, risk decisions, and the path from experimentation to scale.

Digital Assets: A Regulatory Reality Check

In this episode, we explore the future of digital assets through a clear, fact-based lens—cutting through complexity to focus on the trends and regulatory developments that matter most. From evolving market dynamics to policy considerations shaping institutional adoption, the conversation provides essential context for navigating what’s ahead. Listeners will come away with a grounded understanding of how digital assets are maturing, where momentum is building, and how regulatory frameworks are influencing the path —cutting through complexity to focus on the trends and regulatory developments that matter most.

In this episode, we explore the future of digital assets through a clear, fact-based lens&mdash;cutting through complexity to focus on the trends and regulatory developments that matter most. From evolving market dynamics to policy considerations shaping institutional adoption, the conversation provides essential context for navigating what&rsquo;s ahead. Listeners will come away with a grounded understanding of how digital assets are maturing, where momentum is building, and how regulatory frameworks are influencing the path &mdash;cutting through complexity to focus on the trends and regulatory developments that matter most.

Beyond the Buzzwords: Digital Assets, Defined for Institutions

As private markets evolve, access is expanding, but so is complexity. In this episode of Future State, Tadhg Young and Katherine Lucas are joined by State Street’s Global Head of Alternatives, Scott Carpenter and Alpha FMC’s Jonathan Balkin to explore the structural forces shaping private markets in 2026. The conversation encompasses key themes influencing the space, from semi‑liquid vehicles and operational scale to retirement access and asset class opportunities. A pragmatic, execution‑focused conversation for leaders navigating what comes next. 

As private markets evolve, access is expanding, but so is complexity. In this episode of Future State, Tadhg Young and Katherine Lucas are joined by State Street&rsquo;s Global Head of Alternatives, Scott&nbsp;Carpenter&nbsp;and Alpha FMC&rsquo;s Jonathan Balkin to explore the structural forces shaping private markets in 2026. The conversation encompasses key themes&nbsp;influencing the&nbsp;space,&nbsp;from semi‑liquid vehicles and operational scale to retirement access and asset class opportunities. A pragmatic, execution‑focused conversation for leaders navigating what comes next.&nbsp;

2026 Private Markets Outlook: Access, Scale and the New Operating Reality

In this episode, Lee Ferridge, Senior Managing Director, Head of Multi-Asset Strategy, The Americas joins us to unpack Market Signals and Shifts: What to watch in 2026, exploring how interest rate trends, currency movements, and asset allocation strategies will shape institutional portfolios. From AI-driven analytics to emerging market opportunities, we break down what these developments mean for asset managers and owners. Tune in for actionable insights and a forward-looking discussion on how we help clients prepare for volatility and structural change.

In this episode, Lee Ferridge, Senior Managing Director, Head of Multi-Asset Strategy, The Americas joins us to unpack Market Signals and Shifts: What to watch in 2026, exploring how interest rate trends, currency movements, and asset allocation strategies will shape institutional portfolios. From AI-driven analytics to emerging market opportunities, we break down what these developments mean for asset managers and owners. Tune in for actionable insights and a forward-looking discussion on how we help clients prepare for volatility and structural change.

Signals Shifting the Industry: Inside the Markets 2026 Outlook

State Street Data Intelligence transforms proprietary data into actionable insights that help investors make faster, better decisions across investments, operations, and distribution. It delivers near real‑time clarity on inflation, media sentiment and private capital performance by leveraging millions of daily data points and State Street’s unique position across asset classes. Tune in for an in-depth discussion with our head of Data Intelligence, Will Kinlaw.

State Street Data Intelligence transforms proprietary data into actionable insights that help investors make faster, better decisions across investments, operations, and distribution. It delivers near real‑time clarity on inflation, media sentiment and private capital performance by leveraging millions of daily data points and State Street&rsquo;s unique position across asset classes. Tune in for an in-depth discussion with our head of Data Intelligence, Will Kinlaw.

From Data to Decisions: Intelligence at Market Speed

In this episode, we unpack the latest Digital Digest, our research driven publication exploring how digital assets and emerging technologies are reshaping the industry based on a large-scale survey of institutional investors. From rising allocations and tokenization trends to the convergence of blockchain, GenAI, and the hybrid future of finance, we break down what these developments mean for asset managers and owners. Tune in for actionable insights and a forward-looking discussion on how State Street is helping clients navigate the digital transformation of financial services. 

In this episode, we unpack the latest Digital Digest, our research driven publication exploring how digital assets and emerging technologies are reshaping the industry based on a large-scale survey of institutional investors. From rising allocations and tokenization trends to the convergence of blockchain, GenAI, and the hybrid future of finance, we break down what these developments mean for asset managers and owners. Tune in for actionable insights and a forward-looking discussion on how State Street is helping clients navigate the digital transformation of financial services.&nbsp;

From ‘Why’ to ‘How’: Inside Digital Asset Allocation for Institutional Investors 

Future State is a bi‑weekly investing podcast focused on the future of asset management, financial markets, and investment innovation. Hosted by Tadhg Young and Anna Bernasek of State Street, the podcast explores how technology, data, and product innovation are reshaping the business of investing.

Each episode features industry leaders and subject‑matter experts discussing the trends that matter most to institutional investors—AI, digital finance, ETFs, alternatives, regulations, operational transformation and more—helping listeners stay informed, competitive, and future‑ready.

Future State is a bi‑weekly investing podcast focused on the future of asset management, financial markets, and investment innovation.&nbsp;Hosted by Tadhg Young and Anna Bernasek of State Street, the podcast explores how technology, data, and product innovation are reshaping the business of investing.
Each episode features industry leaders and subject‑matter experts discussing the trends that matter most to institutional investors&mdash;AI, digital finance, ETFs, alternatives, regulations, operational transformation and more&mdash;helping listeners stay informed, competitive, and future‑ready.

Future State

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