State Street Corporation

State Street Corporation

State Street Corporation

Overview
Date Founded

1969

Headquarters

One lincoln street, boston, ma 02111 usa

Type of Company

Public

Employees (Worldwide)

39.4K

Industries

Investment Services & Portfolio Management
Consumer Finance
Retail & Commercial Banking
Accounting & Financial Services
Investment Banking & Brokerage

Company Description

State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business lines: Investment Servicing and Investment Management. The Investment Servicing business offers custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management business provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. The company was founded in 1969 and is headquartered in Boston, MA.

Contact Data
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Executives & Employees

Chairman of the Board, Chief Executive Officer & President

Chief Financial Officer

Executive Vice President & Senior Investment Advisor

Executive Vice President & Chief Operating Officer

Secretary, Executive Vice President & General Counsel

Executive Vice President & Chief Marketing Officer

Executive Vice President & Chief Architect

Executive Vice President & Chief Executive Officer at State Street India

Chief Risk Officer & Executive Vice President

Executive Vice President & Global Chief Information Officer

Board of Directors

Chairman of the Board, Chief Executive Officer & President at State Street Corporation

Former President at Raytheon Company

Partner at Centerview Partners LLC

Former President & Chief Executive Officer at North American Electric Reliability Corporation

Former President, US at The Dun & Bradstreet Corp.

President & Chief Executive Officer at Iron Mountain, Inc.

Fund Advisor at SSgA Funds Management, Inc.

Former Managing Director of Global Fixed-Income & Economics Research at Credit Suisse First Boston LLC

Vice Chairman at Marsh & McLennan Companies, Inc.

Co-Founder & Co-Chairman at NextGen Acquisition Corp.

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State Street Corporation
Owners & Shareholders
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Dodge & Cox employs in-house, fundamental bottom-up research, a rigorous valuation discipline, and maintains a long-term investment horizon. Their investment decisions are made by a team of seasoned investment professionals. The firm’s approach stresses an evaluation of risk relative to opportunity and they seek investments that they believe are undervalued by the market.

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Longview Partners is a specialist asset management company focused entirely on the management of Global Equity portfolios which seeks to consistently generate alpha through investing in a concentrated portfolio of global companies within an absolute return framework. Their bottom-up approach invests in high quality companies with strong business fundamentals and attractive cash-based valuations. The portfolio is concentrated, typically investing in 35 companies whilst maintaining a focus on diversification and the avoidance of overexposure to common business drivers. Longview Partners uses its own in-house models to conduct this analysis. Longview Partners focus on three criteria for security selection: Quality, Business Fundamentals and Valuation. A stock is sold immediately if it reaches its price target, or if a stock ceases to meet the firm’s stock selection criteria of Quality, Fundamentals or Valuation.

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LSVAM is a quantitative value equity manager that provides active investment management for institutional investors through the application of proprietary investment models. The firm's investment approach is based on the premise that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence the decisions of many investors. LSVAM uses a strictly quantitative investment model to identify out-of-favor (undervalued) stocks that have the potential for near-term appreciation. They select individual securities using a bottom-up, quantitative approach. All of their investment strategies use the same approach with investments segmented into different market-cap ranges and/or geographic regions.

Recent Transactions
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FNZ (UK) Ltd., Kiwi Holdco Cayco Ltd. purchase State Street Corp. /Wealth Manager Services Business from State Street Corporation

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TMF Fund Services purchases State Street Corp. /Fund Administration Business from State Street Corporation

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State Street Corporation purchases Charles River Systems, Inc.

Transaction Clients
Investment Advisor

Advised on Lynx Multi-Strategy Fund Ltd. raised money in a private placement transaction

Investment Advisor

Advised on PUMA FUND-OF FUNDS LTD raised money in a private placement transaction

Investment Advisor

Advised on SSARIS Multi Manager Absolute Return Fund LLC raised money in a private placement transaction

Insider Transactions
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Transaction Advisors
Accountant

Advised onState Street Corporation purchases Deutsche Bank AG /Global Securities Services Business from Deutsche Bank AG

Underwriter

Advised onState Street Corporation issued USD Common Stock

Investment Advisor

Advised onState Street Corporation purchases Investors Financial Services Corp.

Co-Chair, Women's Forum

Advised onDST Systems, Inc., West Side Investment Management, Inc. purchase Boston Financial Data Services, Inc. from State Street Corporation

Legal Advisor

Advised onState Street Corporation purchases GE Asset Management, Inc. from General Electric Company

Legal Advisor

Advised onDST Systems, Inc., West Side Investment Management, Inc. purchase Boston Financial Data Services, Inc. from State Street Corporation

Advisors & Consultants
Legal Advisor

Chair, Corporate Practice Group at Wilmer Cutler Pickering Hale and Dorr LLP

Legal Advisor

Partner at Shearman & Sterling LLP

Advisor

Chief Accounting Officer & Corporate Controller at Massachusetts Mutual Life Insurance Company

Clients

BFM utilizes fixed-income strategies that are actively managed, model or index based. Actively managed fixed-income mandates generally employ an active investment style that emphasizes rotation among different types of debt on a relative value basis, specific security selection, quantitative analysis of each security and the portfolio as a whole and intensive credit analysis and review. They utilize a risk-controlled, systematic process for portfolio construction and alpha generation. Alpha sources may include security selection, duration and yield curve positioning, industry rotation, asset allocation, and currency positioning. BFM's equity platform includes a broad range of products that vary according to investment style (active, scientific and passive management), market-cap (small-, mid-, small/mid-, large- and all-cap), and geography (global, international and regional). The product range may also include sector funds, long-only and long-short portfolios, as well as products that combine different strategies to create balanced and asset allocation portfolios.

BIM offers a range of investment solutions from fundamental and quantitative active management to indexing strategies designed to gain broad exposure to the world’s capital markets. They offers both US and non-US equity investment strategies using a variety of investment styles including growth, value, core and enhanced equity, that are targeted to specific market-cap ranges, including small-, mid-, small/mid-, large- and all-cap, as well as geographic and industry sectors. The firm also offers alternative asset and multi-asset separate account strategies. The product range may also include sector funds, long-only and long-short portfolios, as well as products that combine different strategies to create balanced and asset allocation portfolios. For certain private investors and other SMA program investment strategies, BIM creates and maintains 'target' portfolios of securities, to which securities are added and from which securities are removed from time to time.

Part of TPG Partner Holdings Advisors, Inc., TPG Global Advisors LLC is an American company located in Fort Worth, TX. The firm provides investment advice.

Key Stats and Financials As of 2020
Market Capitalization
$29.2B
Total Enterprise Value
$47.1B
Earnings Per Share
$6.32
Revenue
$11.2B
Total Equity
$26.2B
Enterprise Value / Sales
4.22x
TEVNet Income
19.46x
Debt TEV
0.47x
Net Profit
$2.42B
Total Debt
$22.1B
Three Year Compounded Annual Growth Rate Of Revenue
1.98%
Non-Profit Donations & Grants
Political Donations
Investments
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Capitolis, Inc. develops pioneering technology for capital markets. Its products includes capitolis switch novation, and finance. The company was founded by Tom Glocer, Igor Teleshevsky, and Gil Mandelzis in 2017 and is headquartered in New York, NY.

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Posit Science Corp. provides brain training software. It offers brain fitness programs, insight and memory. The company was founded by Michael Merzenich in July 2002 and headquartered in San Francisco, CA.

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Eris Exchange LLC operates as a futures exchange. Its U.S. dollar-denominated Eris Exchange interest rate swap futures contract clears at CME clearing, embeds the cash flows of an OTC interest rate swap, and provides significant capital savings to clients through portfolio margining with CME eurodollars, treasury futures and deliverable swap futures positions. The company was founded by Neal Brady in 2010 and is headquartered in Chicago, IL.

Investors
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Life Peer at United Kingdom House of Lords

Suppliers
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Globe Trade Centre SA engages in the investment and development of real estate. The firm operates through the following geographical segments: Poland, Belgrade, Budapest, Bucharest, Zagreb, Sofia, and Others. Its projects include Aeropark Business Centre, Artico, Korona Office Complex, Neptun Office Center, and City Gate. The company was founded in 1994 and is headquartered in Warsaw, Poland.

Awards & Honors
Rank #264
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #264
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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