BOSTON & TORONTO--(BUSINESS WIRE)--
State Street Corporation (NYSE:STT), one of the world’s leading
providers of financial services to institutional investors, today marked
the 20th anniversary of its presence in Canada.
Since opening its first office in Canada in 1990, State Street has grown
its client base to more than 360 institutional investors. State Street
is also one of the largest asset managers and a leading provider of
investment services and trading and research solutions for Canadian
institutional investors.
“As State Street celebrates 20 years in Canada, we reflect on our strong
growth in the region, where we have, thanks to our clients, become one
of the top financial services providers to institutional investors,”
said Jay Hooley, president and chief executive officer of State Street
Corporation, who presided over employee and client events in Toronto
yesterday to mark the anniversary. “Canada is an important market for
State Street and our clients around the world and I am firmly committed
to maintaining our position as a financial services leader in this
market for years to come.”
State Street has celebrated many milestones in Canada over the last two
decades. In 1991, the firm opened its second Canadian office in
Montreal. In 1994, State Street began servicing its first Canadian
mutual fund client, and a year later the firm established its trading
and research business, State Street Global Markets. In 1997, State
Street opened its Vancouver office. In 2004, the firm launched the
industry’s first Canadian cash collateral fund.
State Street is dedicated to serving the communities in which it does
business and has contributed approximately $3.5 million to community
organizations in Canada since launching its grant-making program there
in 1998.
About State Street
State Street Corporation (NYSE: STT) is one of the world's leading
providers of financial services to institutional investors, including
investment servicing, investment management, and investment research and
trading. With $19 trillion in assets under custody and administration
and $1.8 trillion in assets under management at June 30, 2010, State
Street operates in 25 countries and more than 100 geographic markets
worldwide. For more information, visit State Street at www.statestreet.com.
Source: State Street Corporation
Contact:
State Street Corporation
Alicia Curran Sweeney, +1-617-664-3001