BOSTON--(BUSINESS WIRE)--May 11, 2005--State Street Global
Advisors (SSgA), the investment management arm of State Street
Corporation (NYSE:STT) and the largest institutional fund manager in
the world, today announced an agreement with The Wharton School of the
University of Pennsylvania to develop and distribute proprietary
research to enhance the wealth management acumen of financial advisors
and other investment professionals.
State Street Global Advisors, in collaboration with the editorial
staff at Knowledge@Wharton, the online research and business analysis
journal of the Wharton School, will co-author research reports
intended to improve the quality of, and access to, practical wealth
management research and intelligence for financial professionals. The
reports, which will be published at least quarterly, will primarily be
distributed via Knowledge@Wharton at
http://knowledge.wharton.upenn.edu.
"This collaboration combines the expertise and intellectual
resources of State Street Global Advisors with the research and
distribution capabilities of Knowledge@Wharton," said Mukul Pandya,
editor and director of Knowledge@Wharton. "The resulting research will
add significant value to the rich content that Knowledge@Wharton makes
available to the global business community."
"This alliance with The Wharton School is a natural fit for us,"
said Gus Fleites, managing director of SSgA's Advisor Strategies
group. "Wharton's faculty is comprised of world-renowned thought
leaders and researchers in the finance, investment and marketing
fields. The ability to combine SSgA's vast knowledge together with
Wharton's should result in the highest quality wealth management
research reports. This relationship represents an incredible
opportunity to provide our clients with valuable investment insights
that they can use to cultivate and enhance their businesses."
About State Street Global Advisors
State Street Global Advisors (http://www.ssga.com), the investment
management group of State Street Corporation, delivers investment
strategies and integrated solutions to clients worldwide across every
asset class, investment approach and style. With $1.4 trillion in
investment programs and portfolios (as of March 31, 2005), State
Street Global Advisors has investment centers in Boston, Hong Kong,
London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, and
Zurich, and offices in 28 cities worldwide. For more information,
visit State Street Global Advisors at www.ssga.com
About Knowledge@Wharton and the Wharton School
Knowledge@Wharton (http://knowledge.wharton.upenn.edu/) is a free
biweekly online resource that captures knowledge generated at Wharton
through such channels as research papers, conferences, books, and
interviews with faculty on current business topics, and distributes
that knowledge online to a global business audience. In addition to
English, there are Chinese, Spanish and Portuguese editions of the
website. Over the past five years, Knowledge@Wharton has been featured
in the Wall Street Journal, Financial Times, BusinessWeek, Economist
Intelligence Unit and several other publications.
Knowledge@Wharton provides robust editorial content covering areas
ranging from Finance and Investment to Business Ethics, to an audience
of over 450,000 subscribers in 189 countries worldwide. Its audience
is comprised of academics, journalists and professionals, including
many who are C-level and senior business executives.
The Wharton School of the University of Pennsylvania is recognized
around the world for its academic strengths across every major
discipline and at every level of business education. Founded in 1881
as the first collegiate business school in the nation, Wharton has
approximately 4,600 undergraduate, MBA, and doctoral students, more
than 8,000 participants in its executive education programs annually,
and an alumni network of more than 80,000 worldwide.
CONTACT: State Street CorporationArlene Roberts, 617-664-3933
acroberts@statestreet.com
or
The Wharton School
Peter Winicov, 215-746-6471
winicov@wharton.upenn.edu
SOURCE: State Street Corporation