State Street Global Advisors Named World's Best Bank in Asset Management by Global Finance Magazine
September 13 2005 - 10:21AM
Business Wire
State Street Global Advisors (SSgA), the investment management arm
of State Street Corporation (NYSE: STT) and the largest
institutional fund manager in the world, announced today that it
has been named 2005 Best Bank in Asset Management in the World by
Global Finance magazine. SSgA will be honored in an awards ceremony
during the IMF/World Bank Annual Meeting at the National Press Club
in Washington, D.C. on September 26. "State Street Global Advisors
is honored to be recognized among the elite financial institutions
in the world," said Shawn Johnson, chairman of SSgA's Investment
Committee. "Our leadership in providing institutional investors
worldwide with a wide variety of sophisticated strategies designed
to meet their goals distinguishes us as a trusted partner for asset
management." Global Finance's editorial board selected the World's
Best Banks based on performance over the past year and other
criteria including reputation and management excellence. Editors
also consulted bankers, corporate financial executives and analysts
worldwide to determine the award recipients. "We recognize these
banks for their outstanding accomplishments," said Global Finance
publisher Joseph D. Giarraputo. "Conditions in each market may have
differed, but the winning banks were noteworthy in their dedication
to satisfying their customers' needs." State Street Global Advisors
continues to garner widespread recognition as a world leader in
institutional investment management, having recently been named one
of the world's largest money managers by Watson Wyatt LLP. SSgA
also topped Investment & Pensions Europe magazine's European
Asset Manager Survey and was named World's Largest Institutional
Fund Manager for the fourth consecutive year in Pensions &
Investment magazine's 2005 Money Managers Survey. The World's Best
Banks report will be featured in the October 2005 issue of Global
Finance. For more information, visit www.gfmag.com. About State
Street Global Advisors: State Street Global Advisors, the
investment management group of State Street Corporation, delivers
investment strategies and integrated solutions to clients worldwide
across every asset class, investment approach and style. With $1.4
trillion in investment programs and portfolios (as of June 30,
2005), State Street Global Advisors has investment centres in
Boston, Hong Kong, London, Milan, Montreal, Munich, Paris,
Singapore, Sydney, Tokyo, and Zurich, and offices in 28 cities
worldwide. For more information, visit State Street Global Advisors
at www.ssga.com. About State Street Corporation: State Street
Corporation (NYSE: STT) is the world's leading specialist in
providing institutional investors with investment servicing,
investment management and investment research and trading. With
$9.6 trillion in assets under custody and $1.4 trillion in assets
under management (as of June 30, 2005), State Street operates in 25
countries and more than 100 geographic markets worldwide. For more
information, visit State Street's web site at www.statestreet.com.
State Street (NYSE:STT)
Historical Stock Chart
From Aug 2024 to Sep 2024
State Street (NYSE:STT)
Historical Stock Chart
From Sep 2023 to Sep 2024