Company Profile
State Street Corporation
Company Overview
State Street Corporation
State Street Corporation (NYSE: STT), Boston, MA, 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 $28.47 trillion in assets under custody and administration and $2.42 trillion* in assets under management as of September 30, 2014, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia.
* Assets under management include the assets of the SPDR® Gold ETF (approximately $30 billion as of September 30, 2014), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.
The views expressed in this material are the views of State Street through the period ended December 30, 2014 and are subject to change based on market and other conditions.
This news announcement contains forward-looking statements as defined by United States securities laws, including statements about the financial outlook and business environment. Those statements are based on current expectations and involve a number of risks and uncertainties, including those set forth in State Street's 2013 annual report and subsequent SEC filings. State Street encourages investors to read the corporation's annual report, particularly the section on factors that may affect financial results, and its subsequent SEC filings for additional information with respect to any forward-looking statements and prior to making any investment decision. The forward-looking statements contained in this press release speak only as of the date hereof, December 30, 2014, and the company will not undertake efforts to revise those forward-looking statements to reflect events after this date.
For more information,
visit State Street’s web site at www.statestreet.com
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Company History
State Street, Boston, MA
State Street, a world leader in financial services, provides a full range of products and services for large pools of investment assets. Our clients include mutual fund companies and other investment managers, corporations, public pension funds, unions, non-profit organizations, and families and individuals. They look to State Street for custody and management of their assets; accounting, daily pricing, and administration of their funds; the information and analytical tools that help them make investment decisions; and the foreign exchange, cash management, credit, and electronic trading services that help them negotiate complex, global financial markets efficiently and effectively.
Founded as a bank in 1792 in Boston, Massachusetts, State Street today offers a broad and flexible product line, leading-edge technology, and 29,530 employees focused on providing our clients with state-of-the-art service, anywhere, in any currency. With $27.48 trillion in assets under custody and administration and $2.38 trillion in assets under management at March 31, 2014, we have the focus, experience and technology to support the daily needs of our customers and the beneficiaries and shareholders they represent.
Notable Products / Brands
World’s leading provider of financial services to institutional investors
Notable Clients
State Street has earned its reputation as a leader by successfully meeting the changing needs of our customers for more than 200 years. Today, we rank among the top financial service providers in all of the markets we serve
Notable Accomplishments / Recognition
Founded in 1792
Ticker Symbol: STT
29,000 employees
Offices in 25 countries serving more than 100 markets
Our 25 largest clients use an average of 16.2 of our products, while our top 100 clients use and average of 13.7 State Street products
$21.5 trillion in assets under custody and administration
$2.0 trillion in assets under management
$2.281 billion in total revenue reported as of December 31, 2010
36 percent of State Street's revenue is derived from non-US sources
75 percent of new revenue is derived from expanding relationships from existing clients
Benefits
Benefits and resources that support the way you live
State Street offers a competitive, comprehensive and flexible benefits program designed to meet the changing needs of our employees and their families.
Full-time employees are eligible for the following benefits:
Programs that cover employee, spouse, domestic partner, other adult dependent and/or children
A selection of comprehensive medical plan options, such as a health maintenance organization (HMO), a preferred provider organization (PPO) or an high deductible plan with health care savings account, each offering a different level of provider choice
Dental and vision coverage
Flexible spending accounts for health care, dependent care and transportation needs
Employee and family life insurance
Accidental death and dismemberment coverage
Short-term and long term-disability
Salary Savings Program with 401(k) pre-tax and Roth options, competitive company match and discretionary performance-based contribution opportunity
Other benefits include:
Holiday and vacation policy, plus option to buy/sell up to 5 days of vacation
Adoption Assistance Plan
Support for continuing education