STT State Street Corporation

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), today announced changes to its sales and relationship management team catering to financial intermediaries. Its newly renamed Intermediary Business Group comprises multiple operating units encompassing the full array of investment professionals as well as a fully integrated staff of strategy and research professionals. The group was created in 2001 to provide unmatched service to a growing client base of sophisticated investors such as financial advisors, broker-dealers, registered investment advisors (RIAs) and family offices. The group represents more than $134 billion in assets under management(a). The restructuring of the intermediary channel is designed to enhance the firm�s capabilities and better position it for future growth and efficiency. �This new approach is the latest step in our strategy to accelerate State Street�s growth in exchange traded funds, mutual funds and separately managed accounts while aligning our resources to best serve the distinct needs of each specific channel,� said Anthony Rochte, senior managing director of SSgA. �In particular, the Strategy and Research group is unique within the industry and combines timely, actionable research to support our diverse range of clients, who are rapidly increasing their use of State Street�s investment products.� Newly Promoted Executives to Drive Growth As a result of the restructuring, a number of key State Street executives have been promoted: Dodd Kittsley has been appointed director of the Strategy and Research group, a team of eight research strategists dedicated to providing customized portfolio solutions to financial advisors, asset managers, RIAs and family offices. Kittsley will also drive State Street�s thought leadership on trends and developments in the exchange traded fund and investment management industries. Rich Koerner has been appointed national sales director focusing on broker dealer firms. He will oversee 10 regional consultants supporting national, regional and independent broker-dealer firms. Kevin Quigg has been appointed director of sales focusing on wealth managers including banks, hedge fund and mutual fund managers, proprietary trading desks, RIAs and family offices. Additionally, Michael Stevens has been appointed to the new position of manager, focusing on the RIA and family office channels, and will report to Quigg. Jill Iacono has been appointed director of national accounts. She will oversee national account management across the Intermediary Business Group. 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 US$1.7�trillion in assets under management as of December 31, 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) Source: SSgA Strategy & Research as of December 31, 2006