State Street Strengthens Sales Team Focused on Us Corporate Pension Market
June 07 2007 - 10:00AM
Business Wire
State Street Corporation (NYSE: STT), the world�s leading provider
of financial services to institutional investors, today announced
the appointment of Thomas E. Eichenberger to senior director of
business development for State Street�s institutional investor
sales team. Eichenberger joins State Street from Bank of New York
and will be responsible for sales efforts and outreach to the US
corporate pension market. He will report to Jay Carty, senior vice
president and head of sales for State Street�s institutional
investor services. Eichenberger has held leadership roles in
relationship management for more than 20 of his 25 years in the
financial services industry, focusing on enhancing product
offerings and customer satisfaction. At Bank of New York he served
as managing director overseeing a national team of relationship
managers providing master trust and custody services for public and
corporate funds, endowments, foundations, Taft-Hartley plans,
insurance companies and banks. �State Street is committed to
building dynamic, long-term customer partnerships, which is why
approximately 75 percent of our new revenue comes from expanded
relationships with existing customers,� said Carty. �Given the
recent regulatory changes within the US marketplace and the
adoption of the Pension Protection Act, our customers are seeking
additional product capabilities and services to help reposition
their pension offerings. Tom has a depth of experience generating
new business opportunities and enhancing product offerings and his
broad knowledge of the corporate pensions market will be a valuable
addition to our team.� State Street is the leading investment
service provider to the US corporate and public pension funds
market, servicing approximately 37 percent of US tax-exempt assets.
About State Street State Street Corporation (NYSE: STT) is the
world's leading provider of financial services to institutional
investors including investment servicing, investment management and
investment research and trading. With $12.3 trillion in assets
under custody and $1.8 trillion in assets under management at March
31, 2007, State Street operates in 26 countries and more than 100
geographic markets worldwide. For more information, visit State
Street�s web site at www.statestreet.com.
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