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.
“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 www.statestreet.com.
* 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.
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Expiration date: 05.31.2017