State Street Named Top Transition Manager in the Asia-Pacific Region

State Street Corporation (NYSE:STT), one of the world’s leading providers of financial services to institutional investors, announced today that it was named Transition Manager of the Year in The Asset magazine’s 2010 Asset Asian Awards (Triple A).

The Asset magazine’s Triple A awards recognize institutions and individuals who make significant contributions to the development of the financial industry in Asia. State Street was recognized for helping clients across the Asia-Pacific region to minimize costs and mitigate risk in transition management, especially during the volatile market conditions experienced in 2009. The Triple A awards were presented on 25 March at a dinner ceremony in Hong Kong.

State Street is a global leader in transition management. In Asia-Pacific, it has local transition management teams in Sydney, Tokyo, Singapore and Hong Kong.

“This award reflects State Street’s commitment to leveraging its global expertise to provide unique solutions for clients across local markets,” said Peter O’Neill, executive vice president and head of State Street’s Global Markets and Global Services businesses in Asia-Pacific. “Transition management needs vary widely across markets in the region, and we have built our team and products to be 100 percent focused on each client’s unique specifications.”

Globally, State Street has managed more than 3,400 transitions over the past five years for plan sponsors across all asset classes.

“State Street has provided transition management services since 1979 and in the Asia-Pacific region since 1998,” said Justin Balogh, senior managing director of State Street Global Markets in Asia-Pacific. “The longevity and steady growth of our business reflect our ability to bring the key value propositions of portfolio-advisory research and transition-management execution to the localized needs of investors worldwide.”

The Asset cited State Street’s performance in transition management during the market turbulence. “State Street was able to provide optimized trading solutions to its clients even in this highly volatile market.”

“By tapping into advances in technology and infrastructure, State Street consistently delivered an efficient process where execution risk and information leakage were minimized,” the magazine added.

About State Street Global Markets

State Street Global Markets provides specialized research, trading, securities lending and innovative portfolio strategies to owners and managers of institutional assets. Its goal is to enhance and preserve portfolio values through original flow-based research, proprietary portfolio and risk management technologies, trading optimization and global connectivity. From its unique position at the crossroads of the global markets, it provides diverse liquidity and crossing that facilitate cost-effective solutions.

State Street Global Markets’ research team of leading academic and industry experts is committed to continually advancing the science, including theory and application of its proprietary investor behavior research and innovative portfolio and risk management technologies, to help its customers challenge conventional thinking, shape ideas, make more informed investment decisions and deliver measurable results.

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management, and investment research and trading. With $18.8 trillion in assets under custody and administration and $1.9 trillion in assets under management at December 31, 2009, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street at www.statestreet.com.

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