State Street Appoints John Minderides to Head of European Portfolio Solutions Business

Nick Bonn Named Global Head of Portfolio Solutions Business

Thursday, February 2, 2012 8:08 am EST

Dateline:

LONDON & BOSTON
"With more than two decades of experience, John’s broad industry knowledge will be vital for ensuring we continue building our industry leadership across the EMEA region"

State Street Global Markets, the investment research, trading and securities lending arm of State Street Corporation (NYSE: STT), today announced the appointment of John Minderides to head of its portfolio solutions business for Europe, the Middle East and Africa (EMEA). Nicholas Bonn, executive vice president, has also been appointed global head of State Street’s portfolio solutions activities worldwide which include its transition management and equity trading businesses.

Minderides, who has more than 25 years’ experience in the investment industry, will be based in London and will report to Bonn. Previously, Minderides was managing director and global head of transition management at JP Morgan with responsibility for teams in London, New York, Sydney and Tokyo. Prior to this role, Minderides was head of product and research at ITG Europe, where he created the portfolio trading and research division. He was also responsible for establishing the transition management team at Barclays Global Investors.

“With more than two decades of experience, John’s broad industry knowledge will be vital for ensuring we continue building our industry leadership across the EMEA region,” said Bonn, a 19-year veteran of State Street and founder of the company’s transition management business.

“I am very excited to join State Street, the clear leader in the transition management and portfolio solutions business,” added Minderides. “As one of the world’s most experienced and largest transition managers, I look forward to contributing to its continued success.”

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 $21.8 trillion in assets under custody and administration and $1.9 trillion* in assets under management at December 31, 2011, State Street operates in 29 countries and more than 100 geographic markets. For more information, visit State Street’s web site at www.statestreet.com.

About State Street Global Markets
State Street Global Markets provides specialized investment research and trading in foreign exchange, equities, fixed income and derivatives. Its goal is to enhance and preserve portfolio values for asset managers and asset owners. From its unique position at the crossroads of global markets, it creates and unlocks value for its client with original investment behavior research, innovative portfolio strategies, trade process optimization, and global connectivity across multiple asset classes and markets.

State Street Global Markets’ research team of leading academic and industry experts is committed to continually advancing the science, including theory and application of its proprietary investor behavior research and innovative portfolio and risk management technologies.

*This AUM includes the assets of the SPDR Gold Trust (approx. $56 billion as of March 31, 2011), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent.

Contact:

State Street
Noreen Shah, +44 (0)20 3395 7073

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