Clients Rank State Street No. 1 Globally for Securities Lending Among Custodians in Satisfaction Survey
February 20 2013 - 9:02AM
Business Wire
Clients ranked State Street (NYSE: STT) No. 1 globally among
custodians in Global Investor/isf magazine’s 2012 Beneficial Owners
Survey on securities lending. The majority of respondents named
State Street as the most innovative provider of the year.
The Global Investor/isf survey asked beneficial owners to assess
the performance of their securities lending agents across a range
of service categories. State Street finished first among
custodians, topping the weighted regional table for the Americas,
EMEA and Asia Pacific.
“Respondents said State Street had the ability to create bespoke
programs, demonstrated good performance in utilization, proven its
financial stability and praised its advanced reporting roll-out,”
the survey editors reported. One respondent quoted in the survey
said, “[State Street] provides opportunities due to its size of
portfolio versus other providers.” Another respondent noted, “We
have forged a stronger partnership with the account relationship
and sales team to manage our program and address more creative ways
to manage our program through changing markets.”
“We are honored that our clients see State Street as a leading
provider of securities lending services globally,” said Nick Bonn,
executive vice president and head of State Street’s Securities
Finance division. “The Global Investor/isf survey clearly
demonstrates our clients’ satisfaction with our consultative
approach, expertise in local markets and ability to help them
manage their securities lending program in an uncertain and
risk-averse environment.”
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 $24.4 trillion in assets
under custody and administration and $2.1 trillion in assets under
management at December 31, 2012, State Street operates in 29
countries and more than 100 geographic markets. For more
information, visit State Street’s web site at
www.statestreet.com.
This AUM includes the assets of the SPDR Gold Trust (approx.
$72.2 billion as of December 31, 2012), for which State Street
Global Markets, LLC, an affiliate of State Street Global Advisors,
serves as the marketing agent.
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