State Street Corporation, or simply State Street, is a U.S.-based financial services holding company. State Street was founded in 1792, and is headquartered in the Financial District area of Boston at One Lincoln Street. State Street has offices in major financial centers throughout the world.
State Street Bank and Trust Company, a custodian bank, and its subsidiary State Street Global Advisors (SSgA), which is a registered investment advisor, constitute the principal operating companies within parent company State Street Corporation. State Street Bank provides securities services to institutional investors as a custodian bank, Investment Research and Trading and Securities Finance through the Global Markets sleeve (SSgM), and SSgA provides investment management services to mutual funds and other asset managers. State Street customers include mutual funds and their advisers, collective investment funds, corporate and public pension funds, insurance companies, operating companies and non-profit organizations.
State Street Bank and Trust Company or simply State Street is a custodian bank organized as a Massachusetts trust company specializing in services to mutual funds and their advisers, collective investment funds, corporate and public pension funds, insurance companies, operating companies and non-profit organizations. It is a subsidiary of the State Street Corporation, and used to also provide retail banking and commercial lending products until it sold off that division in 1999 to Citizens Financial Group (a subsidiary of the Royal Bank of Scotland), of Providence, Rhode Island. The retail banking and commercial lending units were sold for $350 million.
State Street, and its sister company State Street Global Advisors (SSgA), which is a leading registered investment advisor, together comprise the principal operating companies within parent company State Street Corporation.
State Street Wins at the Custody Risk Americas Service Provider Awards. Custody Risk named State Street Mutual Fund Administrator of the Year and Transfer Agent of the Year. The ASPAs recognize the growth and achievements of investment service providers across the Americas. (April 2013).
State Street was named Best in Securities Lending in The Asset’s Triple A Transaction Banking Awards. The Asset is a premier financial services publication in the Asia-Pacific region. Its awards recognize institutions and individuals that have made a significant contribution to the development of the finance industry in Asia.
