State Street Announces Plans to Open New Office in Gdańsk Poland in Response to Business Growth

Category:

Thursday, July 30, 2015 8:38 am EDT

Dateline:

Kraków

Public Company Information:

NYSE:
STT
"The opening of this new location reinforces our commitment to Poland. It also signals the increasing demand from our clients for a truly integrated global support model."

Kraków – Thursday 30 July

State Street Corporation (NYSE: STT) announced today that it is expanding its presence in Poland with the opening of a new office in Gdańsk in early 2016.

State Street currently has more than 2,500 employees in Kraków. The office space in Gdańsk can accommodate more than 1,000 employees providing a range of services including investment fund accounting, securities valuation and financial reporting.

Jeff Conway, executive vice president and head of State Street in Europe, Middle East and Africa (EMEA) said, "The opening of this new location reinforces our commitment to Poland. It also signals the increasing demand from our clients for a truly integrated global support model.”

Scott Newman, managing director at State Street in Poland, commented, "This new office will bring additional career opportunities to our employees. It will create multiple management and senior technical positions for both existing employees as well as professionals and graduates from the local and international financial services sector.”

“Since opening our Kraków office in 2007, we have seen continued success and growth of our Polish operations due to the large talent pool, strong work ethic and highly-educated population. Expanding into Gdansk represents a key milestone for us in the region,” continued Newman.

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28.7 trillion in assets under custody and administration and $2.4

trillion* in assets under management as of June 30, 2015, 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 web site at www.statestreet.com.

* Assets under management include approximately $26,7 billion as of June 30, 2015), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.

Contact:

Noreen Shah
+44 (0)20 3305 7072
nshah@statestreet.com
@StateStreet

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