State Street Global Advisors Named World's Best Asset Management Bank for Second Consecutive Year
October 11 2006 - 2:12PM
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 2006 Best Asset Management Bank in the World by
Global Finance magazine. FX Connect, State Street�s multi-bank
electronic foreign exchange trading system, was also named Best
Online Foreign Exchange Trading System. Global Finance�s editorial
board selected the best organizations based on growth in assets,
profitability, geographic reach, strategic relationships, new
business development and product innovation. Editors also spoke
with equity and credit-rating analysts, banking consultants and
other leading industry executives worldwide to determine the award
recipients. �As the global economy continues to be challenged by
rising interest rates and oil prices, banks are under increasing
pressure to provide more sophisticated levels of service spanning
multiple markets for less,� said Joseph Giarraputo, president and
publisher of Global Finance. �Only those banks with the capital to
invest in technology and a global footprint, combined with local
market knowledge and a well-trained staff able to anticipate
customers� needs, are likely to remain dominant for years to come.�
The World�s Best Banks report is featured in the October 2006 issue
of Global Finance. For more information, visit www.gfmag.com. About
State Street Global Advisors: State Street Global Advisors, the
investment management arm of State Street Corporation, delivers
investment strategies and integrated solutions to clients worldwide
across every asset class, investment approach and style. With $1.5
trillion in assets under management as of June 30, 2006, State
Street Global Advisors has investment centers in Boston, Hong Kong,
London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo,
and Zurich, and offices in 25 cities worldwide. For more
information, visit State Street Global Advisors at www.ssga.com.
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 2006 Best Asset Management Bank in the World by
Global Finance magazine. FX Connect, State Street's multi-bank
electronic foreign exchange trading system, was also named Best
Online Foreign Exchange Trading System. Global Finance's editorial
board selected the best organizations based on growth in assets,
profitability, geographic reach, strategic relationships, new
business development and product innovation. Editors also spoke
with equity and credit-rating analysts, banking consultants and
other leading industry executives worldwide to determine the award
recipients. "As the global economy continues to be challenged by
rising interest rates and oil prices, banks are under increasing
pressure to provide more sophisticated levels of service spanning
multiple markets for less," said Joseph Giarraputo, president and
publisher of Global Finance. "Only those banks with the capital to
invest in technology and a global footprint, combined with local
market knowledge and a well-trained staff able to anticipate
customers' needs, are likely to remain dominant for years to come."
The World's Best Banks report is featured in the October 2006 issue
of Global Finance. For more information, visit www.gfmag.com. About
State Street Global Advisors: State Street Global Advisors, the
investment management arm of State Street Corporation, delivers
investment strategies and integrated solutions to clients worldwide
across every asset class, investment approach and style. With $1.5
trillion in assets under management as of June 30, 2006, State
Street Global Advisors has investment centers in Boston, Hong Kong,
London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo,
and Zurich, and offices in 25 cities worldwide. For more
information, visit State Street Global Advisors at www.ssga.com.
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