State Street Recognized by Global Investor/ISF Magazine

Company Receives Top Global Average Ranking in Best Weighted Lender Category

Friday, July 5, 2019 9:58 am EDT

Dateline:

Boston

Public Company Information:

NYSE:
STT
"Securities lending plays a significant role in today’s global capital markets and with an increasing focus on fees and performance, it’s more important than ever to be a strategic partner to our clients"

Boston, July 5, 2019State Street Corporation (NYSE: STT), today announced that it has been recognized as a standout performer among its peers, achieving the highest global average score of 6.42 in the Best Weighted Lender Category for the Global Investor Group/ISF Magazine 2019 Beneficial Owners Survey.

This year, the global survey invited 104 beneficial owners, comprising large asset managers, mutual fund managers and pension funds as well as central banks, insurance companies and corporations, to rate the performance of their key lending suppliers, asking them to break-down performance by region and function.

Additionally, State Street  achieved the highest scores in the Best Weighted and the Best Unweighted Lender categories in Asia-Pacific improving on their average scores year on year. In the All Lenders weighted list, State Street was ranked joint-top in engagement in corporate actions and was ranked second for lending program parameter management, reporting transparency, risk management, and settlement and responsiveness.

“Securities lending plays a significant role in today’s global capital markets and with an increasing focus on fees and performance, it’s more important than ever to be a strategic partner to our clients,” said Francesco Squillacioti, Global Head of Client Management for Securities Finance. “The improvements in this year’s rankings are testament to our singular focus on delivering for our clients. As one of the longest-running and largest securities lending providers in the industry, we are very proud of this recognition and look forward to building on our strong market position across the three regions.”

 

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 $32.643 billion in assets under custody and administration and $2.805 billion* in assets under management as of March 31, 2019, State Street operates globally in more than 100 geographic markets and employs approximately 40,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

* Assets under management include the assets of the SPDR® Gold ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $33 billion as of March 31, 2019), for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

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Contact:

Alice Westwell
+44 20 3395 2673
AWestwell@StateStreet.com
@StateStreet

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