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State Street Corporation (STT) is a globally recognized leader in the financial services industry. Specializing in investment management, investment research and trading, and investment servicing, State Street partners with institutional investors worldwide. These services cater to asset managers, asset owners, alternative asset managers, insurance companies, pension funds, and official institutions.
With approximately $42 trillion in assets under custody and administration and $4.1 trillion in assets under management as of December 31, 2023, State Street demonstrates its significant presence and influence in the financial sector. The company operates in more than 100 geographic markets and employs over 46,000 professionals globally, providing a robust network of support and expertise.
State Street is committed to helping clients overcome challenges and achieve better performance both now and in the future. The company consistently delivers innovative solutions and maintains a forward-looking approach to meet the evolving needs of its clients.
Recent achievements include strategic partnerships and technological advancements aimed at enhancing client services. State Street's current projects focus on expanding its capabilities in data analytics, artificial intelligence, and digital asset management, ensuring it remains at the forefront of the industry.
In addition to its core services, State Street is dedicated to sustainability and responsible investing, integrating environmental, social, and governance (ESG) criteria into its investment processes. This commitment not only benefits clients but also contributes to the broader goal of sustainable development.
State Street Corporation (NYSE: STT) disclosed its first-quarter 2023 financial results today. The firm reported a total of $37.6 trillion in assets under custody and/or administration, along with $3.6 trillion in assets under management as of March 31, 2023. The company operates across over 100 global markets and employs around 43,000 personnel. A conference call to discuss these results will occur at 9:00 a.m. ET on April 17, 2023, accessible to the public via audio webcast. For further details, visit their Investor Relations website.
State Street Corporation (NYSE: STT) announced its acquisition of CF Global Trading, a firm specializing in outsourced trading across various asset classes, including equities and fixed income. This transaction, expected to close by the end of 2023, aims to enhance State Street's trading capabilities and client offerings. CF Global Trading, operational for over 20 years, adds significant scale and expertise, enabling better liquidity access and reduced trading costs for clients. Key benefits include 24-hour trading, multi-asset execution, and modular solutions that maintain client control.
State Street company, Charles River Development, announced a significant transition by Krungsri Asset Management to its cloud-based platform, Charles River Investment Management Solution. This transition enables Krungsri Asset to modernize operations, improving efficiency in portfolio management, trading, and compliance while managing costs effectively. With 540,691 million Baht in assets under management, Krungsri Asset enhances its capacity to support various asset classes including equities and derivatives. This partnership strengthens Charles River's presence in the Asia Pacific region, promoting advanced financial capabilities.
State Street Corporation (NYSE: STT) will announce its first-quarter 2023 financial results on April 17, 2023, at approximately 7:30 a.m. ET. A conference call to discuss these results will take place at 9:00 a.m. ET, accessible via audio webcast on their Investor Relations website or by telephone. State Street, a leading provider of financial services to institutional investors, reported $36.7 trillion in assets under custody and/or administration, and $3.5 trillion in assets under management as of December 31, 2022.
State Street Corporation (NYSE: STT) announced that Vice Chairman and CFO Eric Aboaf will speak at the RBC Capital Markets 2023 Global Financial Institutions Conference in
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