State Street Captures Top Honors at ICFA Service Provider Awards

Wins Hedge Fund Administration Award and Three Other Categories

Category:

Monday, June 28, 2010 1:00 pm EDT

Dateline:

BOSTON & LONDON

Public Company Information:

NYSE:
STT
US8574771031
"We are honored to be recognized by ICFA in a variety of categories"

BOSTON & LONDON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, announced today that it has won top honors in the Americas Service Provider Awards (ASPAs) held by International Custody and Fund Administration (ICFA) magazine.

State Street captured four of the 19 award categories, including Hedge Fund Administrator of the Year for servicers with more than $50 billion in assets under administration. It was also named Private Equity Administrator of the Year, Transition Management Provider of the Year and Transfer Agent of the Year. The ASPAs recognize the growth and achievements of service providers in the Americas. The awards ceremony took place on May 25 in New York.

“We are honored to be recognized by ICFA in a variety of categories,” said Joe Antonellis, executive vice president and vice chairman at State Street. “These awards acknowledge State Street’s continuing investment in technology, operations and client service, which allow us to provide clients with a comprehensive suite of services for their complex investment vehicles.”

For each of the four awards won by State Street, innovation and technology leadership were key criteria cited by the panel of judges:

  • As one of the largest hedge fund administrators in the industry, in 2009, State Street significantly enhanced its fund-of-funds products and services in response to client needs for increased transparency and reduced risk. The expanded offering employs a proprietary, Web-based investment platform, AlphaFrontierSM, which supports the entire investment life cycle.
  • The largest private equity fund administrator in the world, State Street was recognized in this category for its expanded Web delivery capabilities as well as technology platform enhancements to support the high volume of funds launched in 2009.
  • In transition management, the judges cited State Street’s proprietary analytics systems and its optimal trading roadmap, an algorithm that determines the sequence and size of trades.
  • As Transfer Agent of the Year, State Street was recognized for its flexible service models that are customized for each client’s specific needs. The judges also cited State Street’s 2009 launch of an automated, fully integrated exchange-traded fund (ETF) transfer agent portal.

This year is the first that ICFA has hosted the ASPAs. In 2009, State Street was named European Securities Lender of the Year and European Transfer Agent of the Year at the ICFA European Awards, and Global Securities Lender of the Year and Global Private Equity Fund Administrator of the Year at the ICFA Global Awards.

About State Street

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 $1.9 trillion in assets under management at March 31, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street’s website at www.statestreet.com.

Contact:

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

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Contact a member of the State Street Media Relations Team.

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