State Street Opens Representative Office in Jeonju to Support Korea’s NPS

Wednesday, July 17, 2019 12:12 pm EDT


"We are delighted to move forward with our new office in Jeonju City"

State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors, today announced that it has obtained regulatory approval to open a representative office in Jeonju City, Korea. The new office will strengthen State Street’s presence in Korea and enable it to deepen its client relationship with National Pension Service of Korea (NPS).

“We are delighted to move forward with our new office in Jeonju City,” said Ian Martin, head of Asia-Pacific at State Street. “Last year NPS extended our relationship providing back office services for their global equities portfolio, as well as expanding our remit by appointing us as their first-ever middle-office provider across all their global investments. Given the depth and breadth of this mandate, we believe our new office in Jeonju City will enable us to deliver strategic partnership to NPS through better proximity.

“This move also strengthens our footprint in Korea, expanding beyond our current asset servicing and global markets capabilities in Seoul,” added Martin. “Jeonju is rapidly establishing its credentials as a major financial center in Korea and we are pleased to be contributing to the city’s ongoing success.”

State Street anticipates signing the lease of its Jeonju City office in August. Before moving to the new office, it will start operation in its temporary office located in a co-work space in Jeonju City.


The material presented herein is for informational purposes only. The views expressed herein are subject to change based on market and other conditions and factors. The opinions expressed herein reflect general perspectives and information and are not tailored to specific requirements, circumstances and / or investment philosophies. The information presented herein does not take into account any particular investment objectives, strategies, tax status or investment horizon. It does not constitute investment research or investment, legal, or tax advice and it should not be relied on as such. It should not be considered an offer or solicitation to buy or sell any product, service, investment, security or financial instrument or to pursue any trading or investment strategy. It does not constitute any binding contractual arrangement or commitment of any kind. State Street is not, by virtue of providing the material presented herein or otherwise, undertaking to manage money or act as your fiduciary. You acknowledge and agree that the material presented herein is not intended to and does not, and shall not, serve as the primary basis for any investment decisions. You should evaluate and assess this material independently in light of those circumstances. We encourage you to consult your tax or financial advisor. All material, including information from or attributed to State Street, has been obtained from sources believed to be reliable, but its accuracy is not guaranteed and State Street does not assume any responsibility for its accuracy, efficacy or use. Any information provided herein and obtained by State Street from third parties has not been reviewed for accuracy. In addition, forecasts, projections, or other forward-looking statements or information, whether by State Street or third parties, are not guarantees of future results or future performance, are inherently uncertain, are based on assumptions that, at the time, are difficult to predict, and involve a number of risks and uncertainties. Actual outcomes and results may differ materially from what is expressed herein. The information presented herein may or may not produce results beneficial to you. State Street does not undertake and is under no obligation to update or keep current the information or opinions contained in this communication. To the fullest extent permitted by law, this information is provided “as-is” at your sole risk and neither State Street nor any of its affiliates or third party providers makes any guarantee, representation, or warranty of any kind regarding such information, including, without limitation, any representation that any investment, security or other property is suitable for you or for others or that any materials presented herein will achieve the results intended. State Street and its affiliates and third party providers disclaim any warranty and all liability, whether arising in contract, tort or otherwise, for any losses, liabilities, damages, expenses or costs, either direct, indirect, consequential, special or punitive, arising from or in connection with your access to and / or use of the information herein. Neither State Street nor any of its affiliates or third party providers shall have any liability, monetary or otherwise, to you or any other person or entity in the event the information presented herein produces incorrect, invalid or detrimental results. No permission is granted to reprint, sell, copy, distribute, or modify any material herein, in any form or by any means without the prior written consent of State Street. State Street Asia Limited 2628237.1.1.APAC.RTL Expiration date: 07/31/2020

Media Contacts

Contact a member of the State Street Media Relations Team.

Social Media

Business Wire NewsHQ℠
Cookie Settings