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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 (STT) executives will attend Bernstein's 40th Annual Strategic Decisions Conference in New York on May 31, 2024. The event will be webcast on State Street's Investor Relations website.
State Street (NYSE: STT) conducted a survey revealing that private market assets are seeing increasing demand, with over a third of institutions already allocating more than 50% of their portfolios to private markets. The vast majority of institutional investors are expecting growth in their exposure to private market assets over the next couple of years, particularly in infrastructure, private debt, and, longer-term, private equity. However, economic conditions pose continued challenges, with macro issues impacting fundraising and borrowing costs for private markets. Technology and legislation are expected to play pivotal roles in driving growth in retail investor participation in private markets.
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