State Street's International Fund Services Named Ireland’s “Best Administrator” for 2008

State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that its hedge fund administration company, International Fund Services (IFS), was named Ireland�s Best Administrator for the annual Offshore Service Provider Awards 2008 by FundDomiciles.com, a global fund management industry provider and source of information on the world�s international fund domiciles. FundDomiciles.com is part of International Fund Investment, a European-based publication that provides news and analysis on the global fund industry.

IFS was selected by FundDomiciles.com�s users, including industry lawyers, auditors, stockbrokers, exchanges and consultants, as the preferred offshore fund industry provider. The selection was validated by an expert panel of fund managers.

�We are delighted to have been selected as Ireland�s best administrator by FundDomiciles.com users,� said Mary Murphy, executive managing director of IFS in Ireland. �This accolade is a testament to the strength of IFS� ongoing commitment to service quality, and acknowledges our clients� confidence in the breadth and scope of our offerings for alternative investment portfolios.�

IFS, a leading provider of fund accounting and administration as well as trade support and middle-office services for alternative investment portfolios, has repeatedly been ranked best in hedge fund administration in the Global Custodian Hedge Fund Administration Survey and has been recognized by The Hedge Fund Journal as Best Overall Hedge Fund Administrator for two consecutive years. IFS was acquired by State Street in 2002 and today has approximately 1,500 employees located in offices in Toronto, Boston, Princeton, New York, Carrickmines, Drogheda, Dublin and Naas.

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 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 web site at www.statestreet.com.

State Street (NYSE:STT)
Historical Stock Chart
From Jun 2024 to Jul 2024