STT State Street Corporation

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.