State Street Named Top Equity Lender for Fifth Consecutive Year
October 10 2012 - 1:00PM
Business Wire
State Street Corporation (NYSE: STT) announced today that it
achieved the top ranking in the 2012 Global Investor/ISF Equity
Lending Survey.
Within its peer group of the largest 20 equity lenders
worldwide, State Street ranked No. 1 for the fifth consecutive
year1, topping the weighted regional tables in the Americas, EMEA
and Asia Pacific. State Street was also the leader in 11 out of 19
service categories and operational sub-categories.
“We’re honored to once again receive this recognition for our
equity lending service,” said Nick Bonn, executive vice president
and head of Securities Finance and Portfolio Solutions at State
Street. “The top rankings achieved by State Street reflect our
commitment to delivering flexible, customized securities lending
solutions that aim to maximize returns for our clients.”
The annual Global Investor/ISF survey, a major performance
benchmark for the equity financing industry, asks lenders and
borrowers to rate their counterparts across a number of service
categories and geographic regions.
“State Street once more retained its preeminent position among
lenders,” the survey editors reported. One respondent quoted in the
survey called State Street “always the market leader in terms of
availability, breadth and depth of supply, stability, relationship
management, and product knowledge.”
State Street has been ranked among the top equity lenders in the
survey for nearly a decade.
State Street is a market leader in securities finance with $2.2
trillion in lendable assets (as of December 31, 2011) on behalf of
more than 300 clients.
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 $22.4 trillion in assets
under custody and administration and $1.9 trillion* in assets under
management as of June 30, 2012, State Street operates in 29
countries and more than 100 geographic markets. For more
information, visit State Street’s website at
www.statestreet.com.
* This AUM includes the assets of the SPDR Gold Trust (approx.
$66 billion as of June 30, 2012), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors, serves
as the distribution agent.
1State Street has ranked No. 1 overall in both the unweighted
and weighted survey rankings since 2008. It has also ranked No. 1
in the footprint rankings, which are weighted based on the number
of responses received, since they were introduced to the survey in
2009.
Securities lending programs and the subsequent reinvestment of
the posted collateral are subject to a number of risks, including
the risk that the value of the investments held in the Collateral
Pool may decline in value and may at any point be worth less than
the original cost of that investment.
Product Names and logos are registered trademarks of State
Street Corporation. The products and services referenced are only
offered to professional clients or eligible counterparties. This
communication is provided for informational purposes only and
should not be considered a recommendation relating to any
particular investment or investment strategy. Certain portfolio
solution products and services outlined within this website are
offered through State Street Global Markets LLC, which is a member
of FINRA and SIPC and State Street Bank and Trust Company.
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