Boston-based State Street Global Advisors said it expected corporate boards to be comprised of at least 30 percent women or it may vote against the head of the companies’ nominating committees.

State Street's asset management unit dropped targets for the number of women and minority directors who should serve on corporate boards.

State Street Global Advisors' much-anticipated private credit exchange-traded fund, developed with alternative investment firm Apollo Global Management, began trading on the New York Stock Exchange on Thursday.

A much-anticipated private credit exchange-traded fund from Wall Street giants State Street and Apollo Global Management said it will change its name after the U.S. Securities and Exchange Commission shared concerns over the ETF.

A novel private-credit ETF from State Street Corp. and Apollo Global Management Inc. started trading on Thursday, in a watershed moment for the $1.6 trillion industry.