State Street and CFA Institute Partner to Strengthen Talent Development and Thought Leadership


Thursday, May 12, 2016 10:00 am EDT



Public Company Information:

"State Street has been a champion for higher standards by adopting CFA Institute codes and standards, and we are eager to embark on this strategic partnership, the first of its kind for CFA Institute"

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) and CFA Institute, the global association of investment professionals, announced today a partnership with the shared goal of promoting the highest standards of professional excellence across the financial services industry. The partnership will enable continued professional development for State Street employees, and foster industry thought leadership and research opportunities.

“We are very pleased to be the first institutional firm to partner with an organization known for its commitment to strengthening the knowledge, skill and ethical foundations of our industry,” said Ronald (Ron) O’Hanley, president and chief executive officer of State Street Global Advisors, the asset management business of State Street Corporation. “CFA’s mission of promoting the highest standards of ethics, education, and professional excellence reflects our own objectives at State Street.”

For State Street, the three primary benefits of the partnership will be 1) greater talent development opportunities; 2) ability to collaborate on thought leadership and research; and 3) increased risk excellence.

  • Talent Development: State Street has made an enterprise-wide commitment to encouraging employees to pursue the Chartered Financial Analyst (CFA), Certificate in Investment Performance Measurement (CIPM) and Claritas professional designations, with the goal of strengthening professional qualifications and developmental opportunities for employees across the globe. CFA charterholders, CIPM and Claritas certificants also have the opportunity to serve as ambassadors for CFA Institute programs and help develop curriculum and mentor future candidates. As part of our commitment to developing talent, this provides a significant opportunity for our employees.
  • Thought Leadership and Research: Through combined thought leadership, research and promotion, both State Street and CFA Institute will have the opportunity to amplify our perspectives to evolve our industry and drive positive change. As an initial collaboration, our Center for Applied Research is co-creating a study on investor motivation with CFA Institute, which will launch later this year.
  • Risk Excellence: State Street and CFA Institute share a commitment to high ethical standards. CFA Institute will dedicate resources to working with our employees on CFA Code and Standards, while State Street will have a seat at the table to help shape overall industry standards in ethical practices and risk excellence.

“State Street has been a champion for higher standards by adopting CFA Institute codes and standards, and we are eager to embark on this strategic partnership, the first of its kind for CFA Institute,” said Paul Smith, president and CEO of CFA Institute. “We recognize our collective ability to drive change in the industry, and working with industry leaders is a model we can use to make a positive impact on the investment management profession.”

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 $27 trillion in assets under custody and administration and $2 trillion* in assets under management as of March 31, 2016, 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

* Assets under management include approximately $33 billion as of March 31, 2016, for which State Street Global Markets, LLC, an affiliate of SSGA, serves as the marketing agent.

The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without State Street express written consent.

State Street Corporation One Lincoln Street, Boston, MA 02111-2900.

© 2016 State Street Corporation - All Rights Reserved

Expiration date: 05.31.2017



State Street Corporation
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