BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT), one of the world's leading
providers of financial services to institutional investors, today
announced that State Street Global Exchange® has been
recognized for its excellence in client service, technology and
analytical techniques by Celent, a research, advisory and consulting
firm focused on financial services technology. Celent is a division of
the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh &
McLennan Companies.
State Street Global Exchange was awarded Celent’s “XCelent Advanced
Technology and Analytics” award, which recognizes State Street’s
cutting-edge investments in using natural language processing and
machine learning to enhance its portfolio and investment risk offerings.
They also noted State Street’s cohesive architectural vision, strong
product roadmap and innovative approaches to solving existing problems.
State Street Global Exchange also received Celent’s “XCelent Customer
Base and Presence” honor, based on the company’s track record and
reputation as “ahead of the curve” across asset managers, asset owners,
and hedge fund managers, through its research and creation of leading
investment analytics and risk management tools.
“We are thrilled to be recognized by Celent for our technology expertise
across our client services and portfolio and investment risk offerings,”
said Mark McKeon, head of Analytics for State Street Global Exchange.
“State Street is committed to delivering consistent excellence in our
investment value chain through the use of innovative technologies, as we
work to produce next-generation capabilities for our clients. Our
outsourced Enterprise Risk Management solution is being utilized by some
of the world’s largest asset managers and asset owners to provide them
with an enterprise view of risk and performance and consolidated views
of their investment portfolio.”
Celent determined awardees based on an evaluation of enterprise
solutions that provide portfolio and investment risk management for
front-office and risk-management stakeholders, examining each company’s
strengths and weaknesses across various dimensions related to firmwide
risk aggregation, performance and risk attribution, total portfolio
monitoring and control, stress testing, as well as liquidity analysis
and risk-centric regulatory reporting.
Cubillas Ding, Research Director at Celent, said, “Looking at the
trajectory of where investment firms and solution vendors are headed, we
anticipate that, as we move into the new decade, investment and risk
management capabilities will increasingly separate winners from losers,
in terms of their agility to deliver to critical ‘bread and butter’
industrialization demands. At the same time, these winners will need to
navigate convergence trends and embrace value-added innovation
ambitions.”
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 $31.62 trillion in assets under custody and administration
and $2.51 trillion* in assets under management as of December 31, 2018,
State Street operates in more than 100 geographic markets worldwide,
including the US, Canada, Europe, the Middle East and Asia. For more
information, visit State Street’s website at www.statestreet.com.
*This figure is presented as of December 31, 2018 and includes
approximately $32.44 billion of assets with respect to SPDR products for
which State Street Global Advisors Funds Distributors, LLC (SSGA FD)
acts solely as the marketing agent. SSGA FD and State Street Global
Advisors are affiliated.
**Awards annoucened in Celent’s Next-Generation Portfolio & Investment
Risk Capabilities (Part 4): Enterprise Edition; November 29, 2018
Marketing Communication
State Street Corporation, One Lincoln Street, Boston, MA 02111-2900
© 2019 State Street Corporation - All Rights Reserved
2468640.1.1.GBL.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190321005103/en/
Nina Korfias
+ 1617 662 0575
KKorfias@StateStreet.com
@StateStreet
Source: State Street Corporation