Rankings Recognize State Street’s Global Execution Capabilities in
Transition Management
LONDON & BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT), one of the world’s leading
providers of financial services to institutional investors, today
announced that it was ranked No. 1 overall (weighted) in the 2010 Global
Investor Transition Management survey and received two Best in Class
Awards in the 2010 PLANSPONSOR Transition Management survey.
The Global InvestorTransition Management Survey ranks transition
managers around the world by different asset levels and across 11
individual service categories. State Street’s No. 1 weighted ranking was
based on its ability to provide clients with global transitions across
asset classes, regions and markets.
In addition to its top overall ranking, State Street also achieved No. 1
weighted rankings in the following categories: Responses Covered by a
Transition Management Agreement, Qualifiers in All Regions, Transitions
Over $1 Billion, Respondents with Assets Under Management of More Than
$3 Billion and Pension Fund Respondents.
PLANSPONSOR’s 2010Transition Management Survey collected data
from transition managers concerning the scale and scope of their
business as well as client profile information. Institutional clients,
consultants, and investment managers provided feedback on the services
provided by their transition managers. State Street received two Best in
Class honors – “Top Rated” among consultants in the Pre-Trade,
Post-Trade, Organization and Support category and “Commended” among
consultants in the Execution category.
“We are very pleased with our top rankings in these important industry
surveys,” said Ross McLellan, senior managing director of State Street
Global Markets. “State Street’s transition management offering combines
our global expertise and local market knowledge with a full range of
research and advisory solutions to provide clients with the most
comprehensive and customized multi-asset class trading tools.”
State Street is the one of the world’s most experienced and largest
transition managers, with approximately $500 billion in assets
transitioned annually. In the past five years it managed more than 3,400
transitions globally across the full spectrum of asset classes.
State Street was also named Transition Manager of the Year in the
Asia-Pacific region by The Asset magazine in its 2010 Transaction
Banking Awards.
About State Street Global Markets
State Street Global Markets provides specialized research, trading,
securities lending and innovative portfolio strategies to owners and
managers of institutional assets. Its goal is to enhance and preserve
portfolio values through original flow-based research, proprietary
portfolio and risk management technologies, trading optimization and
global connectivity. From its unique position at the crossroads of the
global markets, it provides diverse liquidity and crossing that
facilitate cost-effective solutions.
About State Street Corporation
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 $1.9 trillion in assets under management at March 31, 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