State Street Wins Top Honors at ICFA Service Provider Awards
June 20 2011 - 9:00AM
Business Wire
State Street Corporation (NYSE: STT), one of the world’s leading
providers of financial services to institutional investors,
announced today that it has recently received top honors in two
industry surveys for its custody, fund administration and transfer
agency services. At the International Custody and Fund
Administration (ICFA) magazine’s Americas Service Provider Awards
(ASPAs), State Street won awards in three categories – Outsourcing
Provider of the year, Transfer Agent of the year and Mutual Fund
Administrator of the year. The ASPAs celebrate the growth and
achievements of custodians, fund administrators and service
providers in both North and South America in 2010.
Separately, in Global Investor/isf’s 2011 Global Custody Survey,
which measures institutional investors’ satisfaction with their
custody service providers, State Street ranked No. 1 in the
Americas and No. 1 among mutual fund respondents in the Americas.
State Street also ranked No. 2 in EMEA, No. 2 among mutual fund
respondents overall, and No. 2 among institutional fund managers in
the Americas1.
“We are honored to be recognized by ICFA and Global
Investor/isf. These accolades are a testament to the way in which
we continue to evolve our service offerings to meet the complex
needs of our clients,” said Joe Antonellis, executive vice
president and vice chairman at State Street.
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment management, investment research and trading
and investment servicing. With $22.6 trillion in assets under
custody and administration and $2.1 trillion* in assets under
management at March 31, 2011, State Street operates in 26 countries
and more than 100 geographic markets worldwide. For more
information, visit State Street’s website at
www.statestreet.com.
1 These rankings are based on weighted scores.
*This AUM includes the assets of the SPDR Gold Trust (approx.
$56 billion as of March 31, 2011), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors serves
as the marketing agent.
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