State Street Celebrates 20 Years in Canada
September 23 2010 - 12:00PM
Business Wire
State Street Corporation (NYSE:STT), one of the world’s leading
providers of financial services to institutional investors, today
marked the 20th anniversary of its presence in Canada.
Since opening its first office in Canada in 1990, State Street
has grown its client base to more than 360 institutional investors.
State Street is also one of the largest asset managers and a
leading provider of investment services and trading and research
solutions for Canadian institutional investors.
“As State Street celebrates 20 years in Canada, we reflect on
our strong growth in the region, where we have, thanks to our
clients, become one of the top financial services providers to
institutional investors,” said Jay Hooley, president and chief
executive officer of State Street Corporation, who presided over
employee and client events in Toronto yesterday to mark the
anniversary. “Canada is an important market for State Street and
our clients around the world and I am firmly committed to
maintaining our position as a financial services leader in this
market for years to come.”
State Street has celebrated many milestones in Canada over the
last two decades. In 1991, the firm opened its second Canadian
office in Montreal. In 1994, State Street began servicing its first
Canadian mutual fund client, and a year later the firm established
its trading and research business, State Street Global Markets. In
1997, State Street opened its Vancouver office. In 2004, the firm
launched the industry’s first Canadian cash collateral fund.
State Street is dedicated to serving the communities in which it
does business and has contributed approximately $3.5 million to
community organizations in Canada since launching its grant-making
program there in 1998.
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 $19 trillion in assets under
custody and administration and $1.8 trillion in assets under
management at June 30, 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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