State Street Launches Growth Readiness Indicator
September 21 2017 - 9:42AM
Business Wire
Benchmarking Tool Enables Industry to Assess Growth Strategies
and Capabilities versus Peers
As part of the publication of its latest study, A New Climate
for Growth: Cultivating Asset Intelligence to Thrive1, State Street
Corporation (NYSE: STT) today announced the launch of a new Growth
Readiness benchmarking tool that enables users to measure their
preparedness for future growth against their peers.
Built from data gathered in a 2017 global survey of more than
500 executive respondents within asset managers, institutional
asset owners and insurance firms, users of the tool can assess
their growth objectives, existing investment and operational
capabilities and future strategies for growth. Users receive a
customized set of scores and charts based on their responses, and a
comparison with their peer group based on the survey. This peer
group can be reflected on both a global and regional basis.
“Institutional investors’ growth strategies are being challenged
like never before,” said Scott FitzGerald, global head of Sector
Solutions for the Americas and Global Alternatives. “With an array
of geopolitical events and continuous advancements in technology,
there’s an ever-growing list of challenges to navigate. Within this
environment, there’s a clear benefit in understanding how
well-positioned you are versus your peers, which is why we are
pleased to launch this new tool for the industry.”
Results from State Street’s study, released earlier this year,
uncovered a lack of readiness for growth among institutional
investors with two-thirds (66 percent) of the more than 500 global
asset managers and asset owners surveyed saying it is becoming more
challenging to achieve growth in the current market environment.
Only a minority of respondents say they have the right strategy,
operating model and technology infrastructure in place to reach
their full growth potential given these conditions.
Clients looking to benchmark their growth readiness can access
the benchmarking tool via, click here.
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 $31.0 trillion in assets
under custody and administration and $2.60 trillion* in assets
under management as of June 30, 2017, State Street operates in more
than 100 geographic markets worldwide, including the US, Canada,
Europe, the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
* AUM reflects approx. $34 billion (as of June 30, 2017) with
respect to which State Street Global Advisors Funds Distributors,
LLC serves as marketing agent; State Street Global Advisors Funds
Distributors, LLC and State Street Global Advisor are
affiliated.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2017 State Street Corporation - All Rights Reserved
CORP- 3263
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State Street CorporationBrendan Paul, +1
617-662-2903Bpaul2@statestreet.com@StateStreet
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