Welcome to our dedicated page for State Street Corporation news (Ticker: STT), a resource for investors and traders seeking the latest updates and insights on State Street Corporation stock.
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) has extended its investment servicing relationship with Glenmede Investment Management L.P. and the Glenmede Funds. This renewal includes global custody, accounting, fund administration, and transfer agency solutions. Glenmede will also utilize State Street’s outsourced non-US equity trading and middle office services. According to Ellyn Charters of State Street, this move supports client growth and operational efficiency. Glenmede’s President, Kent Weaver, noted that the extension enhances their service capability and aligns with their growth objectives.
State Street Corporation (NYSE: STT) has appointed Staffan Ahlner as the global head of Collateral+ within its Funding and Collateral Solutions group, aiming to enhance its collateral management capabilities. Ahlner, formerly of BNY Mellon, brings valuable experience to the role. Additionally, Yalini Isweran has joined to focus on product innovation and business development. Recent survey findings revealed that 81% of asset managers are unprepared for upcoming Uncleared Margin Rules.
State Street Corporation (NYSE: STT) has announced an extension of its service agreement with Neuberger Berman to continue providing accounting services for Neuberger's $40 billion mutual funds business. This renewal underscores the strong partnership built over nearly four decades. John Lehner, head of State Street's asset manager segment, expressed pride in supporting Neuberger Berman, a private investment management firm that serves institutional investors and high-net-worth individuals globally.
State Street Corporation (NYSE: STT) announced participation by Chairman & CEO Ron O’Hanley and CFO Eric Aboaf in the Goldman Sachs 2020 US Financial Services Conference on December 9, 2020, at 11:20 am EST. The event will be virtual, and interested parties can access the webcast and presentation materials on State Street's Investor Relations website. A recorded replay will be available for two weeks following the event. State Street manages $3.1 trillion in assets and oversees $36.6 trillion in custodial assets globally.
State Street Corporation (NYSE: STT) has launched two new quantitative investment insights tools: MediaStats Central Bank Indicators and MediaStats Thematic Indicators. These tools aggregate unstructured data from numerous media sources to analyze market behavior related to interest rates and foreign exchange. The indicators aim to measure the impact of central bank monetary tones on asset pricing, providing investors with insights on global currencies, yields, and macroeconomic trends.
Charles River Development, a State Street Company, has partnered with National Australia Bank (NAB) Asset Servicing to implement the Charles River Investment Management Solution (IMS). This collaboration aims to enhance compliance monitoring and reporting for institutional clients, thereby improving transparency and regulatory adherence. The SaaS-based solution offers scalability and regular updates to support business growth. NAB's strategy emphasizes digital innovation, and Charles River continues to invest in technology to deliver advanced capabilities to clients.
State Street Corporation (NYSE: STT) has announced that CFO Eric Aboaf and COO Lou Maiuri will participate in Citi’s 2020 Financial Technology Conference on November 18, 2020, at 12:45 pm EST. The event will be webcast, with presentation materials available on State Street's Investor Relations homepage. A recorded replay will be accessible for approximately two weeks post-event. State Street is a leading financial services provider with $36.6 trillion in assets under custody and $3.1 trillion in assets under management as of September 30, 2020.
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