State Street Partners With Diverse Firms to Underwrite $1.5 Billion of Senior Unsecured Debt
Offering affirms State Street’s commitment to inclusion and diversity in the financial services industry
"We are pleased to continue to highlight the remarkable capabilities of minority, women and Veteran-owned firms as part of the syndicate to underwrite our debt offering,” said Paul Francisco, chief diversity officer at State Street. “These firms are not only strongly equipped to lead these transactions but are also part of the ecosystem that helps to address and improve economic opportunity for the communities they represent."
This marks State Street’s ninth consecutive debt offering where the underwriting syndicate has been structured in a manner consistent with State Street’s inclusion, diversity, and equity strategy, reflecting the firm’s ongoing efforts to amplify the impact of its environmental, social and governance initiatives.
“By selecting Loop Capital Markets as a book-runner for the second time, State Street sends a powerful message of support for meaningful roles by diverse-owned firms in capital markets transactions. It’s a direct message to issuers at large of the leadership and forward thinking of State Street and its management, showing that diverse-owned firms can perform quite well in leadership roles.” said Jim Reynolds, founder and chief executive officer of Loop Capital.
About State Street
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With
*Assets under management as of June 30, 2023 includes approximately
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Source: State Street Corporation