State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has been appointed to provide fund administration services for C Change Investments.

C Change Investments focuses on projects and companies for the scale-up or commercialization of the most transformative and promising clean energy, green building and renewable resource technologies or services.

�We are encouraged by State Street�s commitment to alternative investments as well as its ability to help us navigate the private equity landscape,� said Russell Read, chief executive officer of C Change Investments. �As we continue to build out our alternative platform helping to meaningfully and beneficially transform the way the world produces, distributes and consumes its natural resources, we will also need the help of a sophisticated administrator who can provide solutions for all of our alternative products.�

�We are pleased to forge this new partnership with C Change,� said Jack Klinck, executive vice president and global head of State Street�s Alternative Investments Solutions team. �Private equity servicing is a significant part of our alternative servicing business experiencing dynamic growth. With the increased complexity in fund strategies we are well prepared to provide a full range of administration support.�

State Street�s private equity services are part of its Alternative Investment Solutions team which includes more than 2,400 employees located in Boston; Ireland (Drogheda, Dublin, Naas); London; New York City; Tokyo; Toronto; Sydney and Fair Lawn, New Jersey. In January of this year, State Street announced that its assets under administration serviced by its private equity fund team grew by 60 percent in 2008. State Street now provides full-service fund administration services to more than 400 primary funds and more than $138 billion in assets.

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 trillion in assets under custody and $1.4 trillion in assets under management at December 31, 2008, State Street operates in 27 countries and more than 100 geographic markets worldwide. For more information, visit State Street�s website at www.statestreet.com.

Additional information regarding C Change Investments is available at the firm�s website at www.cchangeinvestments.com.

State Street (NYSE:STT)
Historical Stock Chart
From Sep 2024 to Oct 2024 Click Here for more State Street Charts.
State Street (NYSE:STT)
Historical Stock Chart
From Oct 2023 to Oct 2024 Click Here for more State Street Charts.