State Street Ranked Top Transition Manager in Two Industry Surveys
June 03 2010 - 2:00PM
Business Wire
State Street Corporation (NYSE: STT), one of the world’s leading
providers of financial services to institutional investors, today
announced that it was ranked No. 1 overall (weighted) in the 2010
Global Investor Transition Management survey and received two Best
in Class Awards in the 2010 PLANSPONSOR Transition Management
survey.
The Global Investor Transition Management Survey ranks
transition managers around the world by different asset levels and
across 11 individual service categories. State Street’s No. 1
weighted ranking was based on its ability to provide clients with
global transitions across asset classes, regions and markets.
In addition to its top overall ranking, State Street also
achieved No. 1 weighted rankings in the following categories:
Responses Covered by a Transition Management Agreement, Qualifiers
in All Regions, Transitions Over $1 Billion, Respondents with
Assets Under Management of More Than $3 Billion and Pension Fund
Respondents.
PLANSPONSOR’s 2010 Transition Management Survey collected data
from transition managers concerning the scale and scope of their
business as well as client profile information. Institutional
clients, consultants, and investment managers provided feedback on
the services provided by their transition managers. State Street
received two Best in Class honors – “Top Rated” among consultants
in the Pre-Trade, Post-Trade, Organization and Support category and
“Commended” among consultants in the Execution category.
“We are very pleased with our top rankings in these important
industry surveys,” said Ross McLellan, senior managing director of
State Street Global Markets. “State Street’s transition management
offering combines our global expertise and local market knowledge
with a full range of research and advisory solutions to provide
clients with the most comprehensive and customized multi-asset
class trading tools.”
State Street is the one of the world’s most experienced and
largest transition managers, with approximately $500 billion in
assets transitioned annually. In the past five years it managed
more than 3,400 transitions globally across the full spectrum of
asset classes.
State Street was also named Transition Manager of the Year in
the Asia-Pacific region by The Asset magazine in its 2010
Transaction Banking Awards.
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.
About State Street Corporation
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 $19 trillion in assets under
custody and administration and $1.9 trillion in assets under
management at March 31, 2010, 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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