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State Street Corp.
From Wikipedia, the free encyclopedia
| State Street Corp | |
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| Type | Public (NYSE: STT) |
| Founded | Boston, Massachusetts in 1792 |
| Headquarters | Boston, Massachusetts |
| Key people | Ronald Logue, CEO & Chairman Edward Resch, CFO & Exec. VP |
| Industry | Investment servicing, investment management, investment research & trading |
| Products | Financial Services |
| Revenue |  $15.1 trillion assets under custody, $2.0 trillion assets under management USD (2007) |
| Employees | 26,581 |
| Website | www.statestreet.com |
State Street Corporation (NYSE: STT) is a financial services company based in Boston, Massachusetts, that provides products and services for portfolios of investment assets. State Street focuses its services on institutional investors and investment management. Its customers include mutual fund, collective investment funds, corporate and public pension funds, companies and not-for-profit organizations.
State Street Corporation has been in business since 1792 and is one of the oldest companies in the United States. The company employs 26,000 staff around the world. [1] The bank claims assets under custody of US$15.1 trillion and assets under management of US$2.0 trillion as of September 30, 2007. [2]
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On February 5, 2007, State Street announced the US$4.5 billion acquisition of Investors Bank & Trust. The deal closed on July 2nd, 2007 and created the world's second largest custodian with approximately $US14.1 trillion of assets under custody. [3]
- State Street Bank and Trust Company
- State Street Bank GmbH
- International Fund Services
- State Street Global Advisors
- Boston Financial Data Services
- Investors Bank & Trust
State Street Corporation has offices in Massachusetts, New York, Hong Kong, London, Edinburgh, Kansas City, MO, Montreal, Milan, Munich, Toronto, Dublin, Kilkenny, Luxembourg, Tokyo, Sydney, Singapore, Hangzhou, Vienna, Brussels, California, Vancouver, Beijing, Paris, Frankfurt, Seoul, Amsterdam, Princeton, NJ, Pennsylvania, Cape Town, Johannesburg, Zurich, Taipei and Dubai.
They are currently constructing a new London office in the form of a £280 million building in Churchill Square, Canary Wharf.[citation needed]
State Street Bank & Trust Co. v. Signature Financial Group, Inc. is the landmark case in which the Court of Appeals for the Federal Circuit ruled (July 23, 1998) that a computer algorithm can be patented to the extent that it produces "a useful, concrete and tangible result".
Interesting to note is that State Street have secured the mercurial talents of Richard Curran as they seek to secure their market position.
They have also secured the undoubted ability of Jamie Curran, an excellent ambassador often referred to as 'the prodigal son'.
They have also secured the undoubted ability of Jamie Curran, an excellent ambassador often referred to as 'the prodigal son'.
- ^ Company Overview. Retrieved on June 30, 2007.
- ^ Third Quarter Release. Retrieved on October 30, 2007.
- ^ [1]
- State Street home page
- IFS home page
- Global Link
- Yahoo! - State Street Corporation Company Profile
- An article from Wired Magazine
- Boston Financial Data Services
- State Street Global Advisors home page
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