State Street Announces New Risk Services and Analytics Products

New Tools for Clients, Including Performance Heat Maps and Compliance Features, Are Now Integrated Into the State Street Analytics DashboardSM

Thursday, August 19, 2010 10:00 am EDT

Dateline:

BOSTON

Public Company Information:

NYSE:
STT
US8574771031
"They have helped us build portfolio stress-tests that enable us to measure the impact of worst-case market scenarios on our hedging effectiveness as well as risk decomposition tools to support our risk budgeting process."

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT), one of the world's leading providers of financial services to institutional investors, today announced significant enhancements to its risk analytics and servicing tools for institutional investors. The new offerings include portfolio reallocation tools, economic stress tests, and expanded investment coverage. These new capabilities as well as the full suite of risk services are now fully integrated into the State Street Investment Analytics Dashboard on my.statestreet.com. Clients can now access a more comprehensive view of their investments across risk, performance, alternatives and compliance.

In today’s volatile market environment, institutional investors and investment managers are increasingly seeking ways to better understand their portfolio dynamics and sources of risk. The reallocation tools assist clients with risk budgeting, and economic stress tests complement State Street’s existing historical and predictive risk analytics capabilities. Product coverage has also been expanded across all asset classes including comprehensive support for fixed income products.

“This step forward is significant in implementing our investment analytics, internal data warehouse, dashboard and information delivery strategy. These new capabilities provide clients with market-leading risk management solutions that support their analytics, portfolio construction, risk management and hedging functions, helping them build greater confidence in their investment process,” said William Pryor, senior vice president and head of State Street Investment Analytics. “Since late 2008 when we began introducing our new dashboard capabilities, we have brought the benefits of industry leading analysis to approximately 200 client organizations and more than 1,000 users around the world. These new enhancements represent the next phase of our strategy to continually provide and increase the depth and breadth of our risk and return services.”

State Street’s Risk Services include multiple Value at Risk (VaR) calculation methodologies, absolute and relative risk measures, portfolio characteristics, advanced stress-testing and “what-if” capabilities. In addition, position-based risk services deliver a full revaluation methodology with daily (T+1) or monthly reporting and analytics along with data collection, cleansing and augmentation services. Return-based risk measures, inventory management and portfolio construction tools are also available.

“Throughout our relationship, State Street has worked with us to develop tools to help us better understand the dynamics within our portfolios.” said Uzi Yoeli, senior director, Portfolio Risk Management, at the University of Texas Investment Management Company (UTIMCO). “They have helped us build portfolio stress-tests that enable us to measure the impact of worst-case market scenarios on our hedging effectiveness as well as risk decomposition tools to support our risk budgeting process.”

State Street has also added new Performance and Compliance functionality to the Investment Analytics Dashboard for easy access to more graphical and comprehensive information. Performance heat maps provide color-coded, visual representations of the size and relative or absolute performance of a client’s portfolios with instantaneous ‘drill down’ and ‘drill across’ functionality at all levels of the asset classification hierarchy -- including by plan, composite, portfolio, asset class, sector, country, industry or security. The new Compliance features enhance online fail management workflows by including new alert charting capabilities and the ability to view all compliance results, not just exceptions, over flexible timeframes for quick access to all information.

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 $1.8 trillion in assets under management at June 30, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street’s web site at www.statestreet.com.

About State Street Investment Analytics (SSIA)

State Street Investment Analytics (SSIA) provides performance and analytics services through 14 offices globally and has more than 500 dedicated investment performance professionals. Offering comprehensive services in performance, compliance, risk and strategic analysis, State Street Investment Analytics is well positioned to help customers monitor and measure the success of their investment strategies in any market and asset class including alternative investments, and currently provides services for over 1,100 customers with asset volumes of more than $6.5 trillion. For more information, visit www.statestreet.com/analytics.

Contact:

State Street Corporation
Alicia Curran Sweeney, +1 617-664-3001

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