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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.
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.
State Street Corporation (NYSE: STT) announced that its Chief Financial Officer, Eric Aboaf, will speak at the BancAnalysts Association of Boston Conference on November 5, 2020, at 3:30 PM EST. The event will be available via webcast on State Street’s Investor Relations page, with a recorded replay accessible for approximately two weeks after. As of September 30, 2020, State Street manages $3.1 trillion in assets and has $36.6 trillion in assets under custody, highlighting its role as a leading provider of financial services globally.
State Street Corporation (NYSE: STT) announced its financial results for the third quarter of 2020, reporting $36.6 trillion in assets under custody and/or administration and $3.1 trillion in assets under management. The firm offers a range of financial services to institutional investors globally.
A conference call discussing the results and future outlook is scheduled for October 16, 2020, at 10:00 a.m. EDT. Investors can access further details on State Street's Investor Relations website.
State Street Corporation (NYSE: STT) announced a quarterly cash dividend for several series of non-cumulative perpetual preferred stock, payable on December 15, 2020. The dividends are as follows: Series D will receive $1,475.00 per share (approx. $0.3687 per depositary share), Series F will receive $972.53 per share (approx. $9.7253 per depositary share), Series G will receive $1,337.50 per share (approx. $0.3343 per depositary share), and Series H will receive $2,812.50 per share (approx. $28.1250 per depositary share). Record date is November 30, 2020.
State Street Corporation (NYSE: STT) achieved carbon neutrality for Scope 1 and Scope 2 emissions in 2020, exceeding its 30% carbon reduction goal set in 2015. The company plans to continue reducing emissions over the next decade, aligning with the Science-Based Targets initiative (SBTi). Key actions include retrofitting infrastructure, purchasing renewable energy certificates, and collaborating with stakeholders to manage climate risks. State Street operates globally, managing $3.05 trillion in assets and focuses on sustainability as part of its long-term corporate strategy.
State Street's Charles River Development launched the Compliance LawCard® Solution integrated into the Charles River Investment Management Solution (IMS). This offering assists investment firms in managing regulatory changes effectively, reducing administrative and cost burdens. With expertise in global regulations, Charles River aims to enhance compliance capabilities for clients. The firm supports over $29 trillion in assets globally, leveraging advanced technology and compliance resources to streamline investment management processes.
State Street Global Advisors has released its 2020 Proxy Season Review, detailing engagements with 409 companies and voting on 113,595 proposals globally. Key focuses included companies’ responses to COVID-19, R-Factor™ ESG scoring integration, and gender diversity through the ongoing Fearless Girl campaign. The firm engaged with 150 companies about COVID-19 impacts and expanded voting guidelines for gender diversity to Hong Kong and Singapore. An inaugural Climate Report has also been published, emphasizing climate-related engagements since 2014, with a notable increase in supporting climate proposals.
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