Integration of Intesa Sanpaolo’s technology services strengthens State Street’s position as a primary securities services provider in Europe
BOSTON / MILAN, November 11, 2025 - State Street Corporation (NYSE: STT) today announced the expansion of their strategic relationship with Intesa Sanpaolo (ISP:MI), one of the top banking groups in Europe and a leader in Italy in retail and corporate banking, and wealth management. As part of this expanded relationship, State Street has entered into an agreement with Intesa Sanpaolo to integrate an IT business unit and outsource custody back-office operations of the Italian bank, which will strengthen State Street’s position as a primary provider of securities services in Europe.
Built on a 15 years long successful collaboration between State Street and Intesa Sanpaolo, this extended relationship expands State Street’s capabilities and enables the firm to enhance its custody offering for financial institutions in Continental Europe, while Intesa Sanpaolo increases operational efficiency and the level of service provided to customers.
Denis Dollaku, head of business for State Street Bank International GmbH and Italy country head, commented: “We are pleased to see our successful long term partnership with Intesa Sanpaolo expand further, which aligns with our strategic plan to deepen our position as a primary provider of securities services for European financial institutions. This represents an important milestone for State Street and highlights our commitment to Italy and dedication to delivering better outcome for our clients in Europe.”
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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 $51.7 trillion in assets under custody and/or administration and $5.4 trillion* in assets under management as of September 30, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 52,000 worldwide. For more information, visit State Street's website www.statestreet.com.
*Assets under management as of September 30, 2025 includes approximately $145 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of United States securities laws, including statements about our goals and expectations regarding our expansion of our strategic relationship with Intesa Sanpaolo, as well as regarding our business, strategy, growth and sales prospects, the financial and market outlook and the business environment. Forward-looking statements are often, but not always, identified by such forward-looking terminology as “will,” “expect,” “intend,” “aim,” “outcome,” “future,” “strategy,” “objective,” “plan,” “believe,” “anticipate,” “seek,” “may,” “trend,” and “goal,” or similar statements or variations of such terms. These statements are not guarantees of future performance, are inherently uncertain, are based on current assumptions that are difficult to predict and involve a number of risks and uncertainties. Therefore, actual outcomes and results may differ materially from what is expressed in those statements. Important factors that could cause actual results to differ materially from those indicated by any forward-looking statements include factors set forth in our 2024 Annual Report on Form 10-K, our subsequent SEC filings and our news release and slide presentation accompanying our second quarter 2025 earnings announcement in which the servicing mandate referenced in this news release is included. We encourage investors to read these materials, particularly the sections on risk factors and the endnotes, for additional information with respect to any forward-looking statements and prior to making any investment decision. The forward-looking statements contained in this news release should not by relied on as representing our expectations or beliefs as of any time subsequent to the time this news release is first issued, and we do not undertake efforts to revise those forward-looking statements to reflect events after that time.
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