BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT), the world's leading provider of
financial services to institutional investors, announced today that it
received multiple "Best in Class" awards in PLANSPONSOR
magazine's 2009 Transition Management Survey.
State Street was top-ranked in the Pre-Trade, Post-Trade, Organization &
Support category as well as in Execution. It was also commended in
Pre-Trade, Post-Trade, Organization & Support for non-US clients.
The PLANSPONSOR survey, which is distributed to institutional
clients, consultants and investment managers on the portfolio
transitions they awarded to managers in 2008, measures firms'
perceptions of their transition managers' service quality across
different categories in the transition management process.
"This was a stellar year for State Street in our survey," PLANSPONSOR's
editors said in announcing the results. "Many respondents noted State
Street's experience, expertise, access to liquidity and low cost as
reasons for making it their de facto transition manager."
One respondent said the following of State Street's transition
management business, "They have the right size and scale...and have
operating practices rooted in ERISA mandates."
State Street pioneered the transition management process more than two
decades ago. In 2008, State Street completed more than 1050 transitions
globally comprising approximately $435 billion in total assets. With
nearly 100 experienced professionals, State Street Global Markets'
transition management team operates on a 24 hours a day basis from
offices in London, Boston, Sydney, Toronto and Tokyo and provides
services for more than 1,000 transition management clients worldwide.
"Receiving these numerous 'Best in Class' awards underscores State
Street's track record of delivering superior strategy, execution and
service to our customers," said Ross McLellan, senior managing director
of State Street Global Markets. "Our experience, cost effectiveness and
access to the broadest liquidity pools are what clients depend on for
efficient portfolio transitions."
About State Street
State Street Corporation (NYSE: STT) is the world's leading provider of
financial services to institutional investors including investment
servicing, investment management and investment research and trading.
With $11.3 trillion in assets under custody and $1.4 trillion in assets
under management at March 31, 2009, State Street operates in 27
countries and more than 100 geographic markets worldwide. For more
information, visit State Street's website at www.statestreet.com.
Source: State Street Corporation
Contact: State Street Corporation
Carolyn Cichon, 1-617-664-8672