State Street Corporation

State Street Corporation

Infobox Company
company_name = State Street Corporation
company_
company_type = Public (NYSE: [http://www.nyse.com/about/listed/lcddata.html?ticker=STT STT] )
slogan = For Everything You Invest In
foundation = 1792
location =
key_people = Ronald Logue, CEO & Chairman
Edward Resch, CFO & Exec. VP
num_employees = 27,110 (2008)cite web |url=http://zenobank.com/index.php?symbol=STT&page=quotesearch |title=Company Profile for State Street Corp (STT) |accessdate=2008-09-30]
industry = Investment servicing, investment management, investment research & trading
products = Financial Services
revenue = profit $11.818 billion USD (2007)
market c

homepage = [http://www.statestreet.com/ www.statestreet.com]

State Street Corporation, or just simply State Street (nyse|STT) is one of the world's largest global financial services companies. State Street was founded in 1792, and is headquartered in the Financial District area of Boston at One Lincoln Street. State Street has offices in major financial centers such as Boston, London, Edinburgh, New York City, Chicago, Los Angeles, San Francisco, Frankfurt, Zürich, Munich, Cologne, Vienna, Grand Cayman, Paris, Amsterdam, Cape Town, Hong Kong, Beijing, Singapore, Sydney, Dubai, Dublin, Krakow, Milan, Montreal, Seoul, Tokyo, Taipei, and Toronto.

State Street focuses its services on institutional investors and investment management. Its customers include mutual fund, collective investment funds, corporate and public pension funds, companies and non-profit organizations.

The company employs 28,700 staff around the world. [ [http://www.statestreet.com/company/company_information/company_overview.html Company Overview] . Retrieved on June 30, 2007.] The bank claims assets under custody of US$15.3 trillion and assets under management of US$1.9 trillion as of June 30, 2008. [ [http://www.statestreet.com/company/company_information/company_overview.html] . Retrieved on August 2, 2008.]

History

On February 5, 2007, State Street announced the US$4.5 billion acquisition of Investors Bank & Trust. The deal closed on July 2nd, 2007 and created the world's second largest custodian with approximately $US14.1 trillion of assets under custody. [ [http://phx.corporate-ir.net/phoenix.zhtml?c=78261&p=irol-newsArticle&ID=1021715 State Street Corporation Investor Relations - Investor News Release ] ]

Holdings

*State Street Bank and Trust Company
*State Street Bank GmbH
*International Fund Services
*State Street Global Markets
*State Street Associates
*State Street Global Advisors
*Boston Financial Data Services
*International Financial Data Services (IFDS) (joint venture with DST Systems)
*Investors Bank & Trust

"The State Street Pavilion Club"

In 2006, State Street bought the naming rights to various Boston Red Sox events, including the 3rd level behind homeplate called "The State Street Pavilion." [ [http://pr.statestreet.com/us/en/20060411_1.html November 4, 2006 Press Release] . Retrieved on January 25, 2008.] The Pavilion is a private club style eating area that has its own separate entrance from Yawkey Way. [ [http://boston.redsox.mlb.com/bos/ticketing/premium/sspc.jsp State Street Pavilion Club] Retrieved on January 25, 2008.]

ee also

"State Street Bank & Trust Co. v. Signature Financial Group, Inc." is the landmark case in which the Court of Appeals for the Federal Circuit ruled (July 23, 1998) that a computer algorithm can be patented to the extent that it produces "a useful, concrete and tangible result".

References

External links

* [http://www.statestreet.com/ State Street home page]
* [http://www.imsi.com/ifs/portal/ IFS home page]
* [http://www.globallink.com/ Global Link]
* [http://biz.yahoo.com/ic/14/14795.html Yahoo! - State Street Corporation Company Profile]
* [http://www.wired.com/wired/archive/8.06/statestreet.html An article from Wired Magazine]
* [http://www.bostonfinancial.com/ Boston Financial Data Services]
* [http://www.ssga.com/ State Street Global Advisors home page]
* [http://finance.google.com/finance?q=stt Google Finance: State Street Corporation Profile]


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