BOSTON and LONDON--(BUSINESS WIRE)--Feb. 2, 2006--State Street
Corporation (NYSE:STT), the world's leading provider of services to
institutional investors, today announced that it recently completed a
securities lending auction for approximately $9 billion in
international assets for investment funds managed by State Street
Global Advisors (SSgA) in France. The funds include four
French-domiciled Societes d'Investissement a Capital Variable (SICAVs)
and two French-domiciled Fonds Communs de Placement (FCPs). State
Street recently announced the completion of an auction for the Ohio
Public Employees Retirement System.
Exclusive borrowing rights to the securities for a set period of
time were awarded to three borrowers using EquiLend AuctionPort(SM),
which allows lenders to host and conduct blind and open auctions of
portfolios on behalf of their customers via EquiLend's global
securities finance platform.
"We are pleased to have worked with the international borrowing
community, SSgA in France, and EquiLend on this successful auction,"
said Edward J. O'Brien, executive vice president and head of
Securities Finance at State Street. "We will continue to work with our
customers worldwide to explore routes to market that best meet their
program parameters and risk-return objectives."
State Street is one of a group of 10 global financial institutions
that joined together in 2000 to develop a standardized and centralized
global platform for trading and operations services and to optimize
efficiency in the securities finance industry. As a result of this
initiative, EquiLend Holdings LLC, which now has 11 owner/partners and
claims nearly forty users worldwide, was formed in 2001 and the
platform went live in 2002. For more information about EquiLend and
EquiLend's services, please visit www.equilend.com.
State Street lends securities in markets around the world via a
global network of trading locations -- providing customers with
around-the-clock opportunities, as well as regional expertise and
experience. State Street has provided securities lending services
since 1974, and has developed an industry-leading approach to risk and
return management. Its securities lending program is available to all
institutional investors worldwide, whether their assets are held in
custody at State Street or elsewhere. For more information, visit
www.statestreet.com/securitiesfinance.
State Street Global Advisors, 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 December 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 26 cities worldwide. For more information, visit State
Street Global Advisors at www.ssga.com.
State Street Corporation (NYSE: STT) is the world's leading
specialist in providing institutional investors with investment
servicing, investment management and investment research and trading
services. With $10.1 trillion in assets under custody and $1.4
trillion in assets under management at December 31, 2005, State Street
operates in 26 countries and more than 100 geographic markets
worldwide. For more information, visit State Street's web site at
www.statestreet.com.
CONTACT: State Street Corporation
Carolyn Cichon, 617-664-8672
SOURCE: State Street Corporation