State Street Corporation

State Street Corporation

State Street Corporation

Overview
Date Founded

1969

Headquarters

One lincoln street, boston, ma 02111 usa

Type of Company

Public

Employees (Worldwide)

39.1K

Industries

Investment Services & Portfolio Management
Consumer Finance
Retail & Commercial Banking
Accounting & Financial Services
Investment Banking & Brokerage

Company Description

State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business lines: Investment Servicing and Investment Management. The Investment Servicing business offers custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management business provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. The company was founded in 1969 and is headquartered in Boston, MA.

Contact Data
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Executives & Employees

Chairman of the Board, Chief Executive Officer & President

Executive Vice President, General Counsel & Assistant Secretary

Chief Financial Officer

Executive Vice President & Chief Operating Officer

Executive Vice President & General Counsel

Executive Vice President & Chief Marketing Officer

Executive Vice President & Chief Technology Officer

Executive Vice President & Chief Architect

Executive Vice President & Chief Executive Officer, State Street India

Executive Vice President & Chief Risk Officer

Board of Directors

Chairman of the Board, Chief Executive Officer & President at State Street Corporation

Former Vice President & General Manager-Products at ADC Telecommunications, Inc.

Former President, US at Dun & Bradstreet Corp.

Former Head, Debt Capital Market at Morgan Stanley

Former President & Chief Executive Officer at North American Electric Reliability Corporation

Fund Advisor at SSgA Funds Management, Inc.

President & Chief Executive Officer at Iron Mountain, Inc.

Founder at Glen Capital Partners LLC

Former Managing Director of Global Fixed-Income & Economics Research at Credit Suisse First Boston LLC

Founder at Chilcott & Company Ltd.

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State Street Corporation
Owners & Shareholders
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MFS Investment Management utilizes various investment techniques to implement its investment strategies, including, but not limited to, long and short-term purchases, short sales, margin transactions, options, and exchange-traded and over-the-counter derivatives or other methods to seek to achieve performance. They employ a variety of methods to evaluate securities, including fundamental and quantitative analysis. MFS Investment Management offers fundamental, active and research-driven equity strategies that strive for less volatility relative to benchmarks and greater value through changing markets. Fixed income strategy offers total return focused and credit oriented approach. Multi-Asset strategy is goal-oriented, diversified and disciplined investment approach that combines broad diversification across multiple asset classes, active asset allocation, and bottom-up security selection. MFS' retirement solutions are designed with a goal of maximizing growth and supporting income over a lifetime by focusing on long-term returns. MFS Blended Research is an approach to active equity management that combines the firm's fundamental research expertise with highly systematic quantitative research.

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Longview Partners is a specialist asset management company focused entirely on the management of Global Equity portfolios. They are an active manager which utilizes a bottom-up, evidence-based process to seek investment opportunities based on fundamental research. The primary focus of the firm's investment process is to invest in high quality companies with strong business fundamentals and attractive cash-based valuations. Longview Partners uses its own in-house models to conduct this analysis. Longview Partners focus on three criteria for security selection: Quality, Business Fundamentals and Valuation. They also have a strict sell-discipline which is consistently adhered to. It is these bottom-up buy and sell decisions that drive portfolio construction.

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Harris uses a value investment philosophy in selecting equity and equity-like securities of U.S. and non-U.S. issuers. The firm's investment philosophy spans across large, mid and small cap companies. In addition, Harris may hedge a client's exposure to direct or indirect foreign currencies. In constructing portfolios for their clients, the firm seeks out companies that they believe are trading in the market at significant discounts to their underlying value. Harris believes purchasing businesses at a discount to intrinsic value minimizes risk while providing substantial profit potential. The firm uses a bottom-up approach focused on individual companies, rather than focusing on specific economic factors or industries. Harris generates their research ideas from a variety of internal and external sources. The firm's research process seeks to identify companies selling at a discount to its estimate of intrinsic value.

Recent Transactions
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TMF Fund Services purchases State Street Corp. /Fund Administration Business from State Street Corporation

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State Street Corporation purchases Charles River Systems, Inc.

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State Street Corporation issued . USD Common Stock

Transaction Clients
Investment Advisor

Advised on Lynx Multi-Strategy Fund Ltd. raised money in a private placement transaction

Investment Advisor

Advised on PUMA FUND-OF FUNDS LTD raised money in a private placement transaction

Investment Advisor

Advised on SSARIS Multi Manager Absolute Return Fund LLC raised money in a private placement transaction

Insider Transactions
Details Hidden
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Transaction Advisors
Accountant

Advised onState Street Corporation purchases Deutsche Bank AG /Global Securities Services Business from Deutsche Bank AG

Underwriter

Advised onState Street Corporation issued USD Common Stock

Investment Advisor

Advised onState Street Corporation purchases Investors Financial Services Corp.

Legal Advisor

Advised onDST Systems, Inc., West Side Investment Management, Inc. purchase Boston Financial Data Services, Inc. from State Street Corporation

Legal Advisor

Advised onState Street Corporation purchases GE Asset Management, Inc. from General Electric Company

Legal Advisor

Advised onDST Systems, Inc., West Side Investment Management, Inc. purchase Boston Financial Data Services, Inc. from State Street Corporation

Advisors & Consultants
Legal Advisor

Chair, Corporate Practice Group at Wilmer Cutler Pickering Hale and Dorr LLP

Legal Advisor

Partner at Schulte Roth & Zabel LLP

Legal Advisor

Partner at Kramer Levin Naftalis & Frankel LLP

Clients

BFM utilizes fixed-income strategies that are actively managed, model or index based. Actively managed fixed-income mandates generally employ an active investment style that emphasizes rotation among different types of debt on a relative value basis, specific security selection, quantitative analysis of each security and the portfolio as a whole and intensive credit analysis and review. They utilize a risk-controlled, systematic process for portfolio construction and alpha generation. Alpha sources may include security selection, duration and yield curve positioning, industry rotation, asset allocation, and currency positioning. BFM's equity platform includes a broad range of products that vary according to investment style (active, scientific and passive management), market-cap (small-, mid-, small/mid-, large- and all-cap), and geography (global, international and regional). The product range may also include sector funds, long-only and long-short portfolios, as well as products that combine different strategies to create balanced and asset allocation portfolios. For cash management portfolios, the investment process emphasizes safety and liquidity over yield. Their alternative mandates focus on sourcing and managing high-alpha investments with lower correlation to public markets and developing a holistic approach to address client needs in alternatives investing.

BIM offers both US and non-US equity investment strategies using a variety of investment styles including growth, value, core and enhanced equity, that are targeted to specific market-cap ranges, including small-, mid-, small/mid-, large- and all-cap, as well as geographic and industry sectors. The firm utilizes fixed-income strategies that are actively managed, model or index based. Actively managed fixed-income mandates generally employ an active investment style that emphasizes rotation among different types of debt on a relative value basis, specific security selection, quantitative analysis of each security and the portfolio as a whole and intensive credit analysis and review. Model-based institutional strategies typically invest across a broad spectrum of global fixed-income securities as well as currencies, futures and swaps. BIM employs a risk controlled, systematic process for portfolio construction and alpha generation. Alpha sources may include security selection, duration and yield curve positioning, industry rotation, asset allocation, and currency positioning. For institutional index strategies, BIM typically invests in accordance with the risk and return profile of the benchmark either by replicating the index, or utilizing security level or stratified sampling.

AQR specializes in quantitative investment analysis and utilizes a systematic research-driven approach to managing alternative and traditional strategies. The firm's models may consider a wide breadth of factors - from traditional valuation measures, momentum indicators, and price signals, to textual analysis of financial reporting and terms of trade information. They perform their research internally. AQR begins the process of building a model to test the strategy's viability once an investment approach is identified. The model building process generally consists of two steps: (1) designing an investing strategy to implement the given approach; and (2) producing testable implications. The firm performs ongoing research to monitor and maintain the effectiveness of its models over time. In developing quantitative forecasting computer models, they use external data.

Key Stats and Financials As of 2019
Market Capitalization
$16.5B
Total Enterprise Value
$44.7B
Earnings Per Share
$5.38
Revenue
$12.5B
Net Profit
$2.24B
Total Debt
$15.5B
Total Equity
$24.4B
Enterprise Value Sales
3.57x
TEVNet Income
19.94x
Debt TEV
0.35x
Three Year Compounded Annual Growth Rate Of Revenue
7.79%
Five Year Compounded Annual Growth Rate Of Revenue
4.44%
Non-Profit Donations & Grants
Political Donations
Investments
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Playco Entertainment FZ LLC provides personalized entertainment services. It offers STARZ Play, a subscription video on demand (SVOD) service that streams thousands of blockbuster Hollywood movies, TV shows, documentaries and same-day-as-the-US series plus dedicated Arabic content. The company was founded by Maaz Sheikh and Peter Ekelund and is headquartered in Dubai, United Arab Emirates.

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Cloud Technology Partners, Inc. provides cloud computing consulting services for migrating, developing and managing cloud applications and infrastructures. Its solutions include cloud strategy and economics, cloud security and governance, application portfolio assessment, application migration, cloud native development, application modernization, big data and analytics, and tools and technologies. The company was founded by Christopher H. Greendale. Erik W. Sebesta, Jonathan L. Rounds, and James Lampert in 2010 and is headquartered Boston, MA.

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Posit Science Corp. provides brain training software. It offers brain fitness programs, insight and memory. The company was founded by Michael Merzenich in July 2002 and headquartered in San Francisco, CA.

Investors
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Life Peer at United Kingdom House of Lords

Suppliers
Actuate Corp. IT Consulting & Services | San Mateo, CA

Actuate Corp. provides analytics and reporting platform. It offers BIRT iHub, a deployment platform that significantly improves the productivity of developers working on customer-facing applications. The company was founded by Nicolas C. Nierenberg in November 1993 and is headquartered in San Mateo, CA.

Asure Software, Inc. Internet Software & Services | Austin, TX

Asure Software, Inc. engages in the provision of workforce management software solutions and services. It offers cloud-based software-as-a-service solutions under the AsureSpace and AsureForce brands. The company was founded in 1985 and is headquartered in Austin, TX.

Syntel, Inc. Internet Software & Services | Troy, MI

Syntel, Inc. engages in the provision of digital transformation, information technology and knowledge process outsourcing services. It operates through the following segments: Banking and Financial Services; Healthcare and Life Sciences; Insurance; Manufacturing; and Retail, Logistics and Telecom. The Banking and Financial Services segment assists clients in the areas, such as cards and payments, retail banking, wholesale banking, consumer lending, risk management, investment banking, reconciliations, fraud analysis, mobile banking, and compliance and securities services. The Healthcare and Life Sciences segment provides a range of services and solutions to the industry to address regulatory requirements and emerging industry trends. The Insurance segment offers assistance in improving efficiency and effectiveness of the customers operations and in achieving business transformation. The Manufacturing segment comprises of business consulting and technology services. The Retail, Logistics, and Telecom segment serves a wide spectrum of retailers of specialty, apparel, and home improvement industries. The company was founded by Bharat Desai and Neerja Sethi on April 15, 1980 and is headquartered in Troy, MI.

Awards & Honors
Rank #264
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #264
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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