STT State Street Corporation

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), and the largest institutional fund manager in the world, today announced the appointment of Collin Crownover to global head of Currency Management. Based in London, Crownover reports to Rick Lacaille, European chief investment officer, and Alistair Lowe, head of Global Asset Allocation and Currency. �Collin�s appointment to head up the Global Currency team underscores our continued commitment to building upon our currency capabilities worldwide,� said Lacaille. �Today we are one of the world�s largest currency managers with more than US$80 billion in currency assets under management.(a) In collaboration with our Advanced Research Center, we are focused on augmenting existing strategies and introducing innovative new currency models, both technical and fundamental, to manage risk and best capture the inefficiencies in foreign exchange markets.� Crownover has more than 10 years of experience with sell- and buy-side firms in developing innovative currency research. He joins SSgA from Citigroup in New York and London, where he served as global head of the Investor Risk Advisory team. Prior to Citigroup, he held titles of currency analyst and head of quantitative currency research for Putnam Investments in Boston, Mass., and research officer and analyst for Barclays Global Investors in San Francisco, Calif. Crownover holds a Ph.D. and M.A. in economics from the University of California, Santa Barbara and a B.A. in economics and business administration from Graceland University in Lamoni, Iowa. 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. (a) As of June 30, 2006 State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), and the largest institutional fund manager in the world, today announced the appointment of Collin Crownover to global head of Currency Management. Based in London, Crownover reports to Rick Lacaille, European chief investment officer, and Alistair Lowe, head of Global Asset Allocation and Currency. "Collin's appointment to head up the Global Currency team underscores our continued commitment to building upon our currency capabilities worldwide," said Lacaille. "Today we are one of the world's largest currency managers with more than US$80 billion in currency assets under management.(a) In collaboration with our Advanced Research Center, we are focused on augmenting existing strategies and introducing innovative new currency models, both technical and fundamental, to manage risk and best capture the inefficiencies in foreign exchange markets." Crownover has more than 10 years of experience with sell- and buy-side firms in developing innovative currency research. He joins SSgA from Citigroup in New York and London, where he served as global head of the Investor Risk Advisory team. Prior to Citigroup, he held titles of currency analyst and head of quantitative currency research for Putnam Investments in Boston, Mass., and research officer and analyst for Barclays Global Investors in San Francisco, Calif. Crownover holds a Ph.D. and M.A. in economics from the University of California, Santa Barbara and a B.A. in economics and business administration from Graceland University in Lamoni, Iowa. 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. (a) As of June 30, 2006