State Street Names Jeff Conway to Lead Data and Analytics Solutions for Clients
April 12 2013 - 12:30PM
Business Wire
State Street Corporation (NYSE: STT) announced today that it has
named Jeff Conway to lead an organization dedicated to developing
solutions to address clients’ data information and trading
challenges. Global Exchange reorganizes existing components from
State Street’s research and advisory, analytics, Currenex, Global
Link® and derivatives clearing capabilities into one organization
focused on providing clients with easier access to solutions and
accelerating new product development. Conway, executive vice
president and 25-year industry veteran will report to Jack Klinck,
a member of State Street’s Management Committee and head of global
strategy and new ventures.
State Street Names Jeff Conway to Lead
Data and Analytics Solutions for Clients (Photo: Business Wire)
“Driven by regulatory reform, complexity and transparency,
clients want access to real-time data and analytics to better
inform their investment and trading decisions,” said Klinck. “Our
goal is to support our clients’ trade lifecycle from investment
decision to post-trade administration, minimizing trading and
operational costs.”
“In a survey we conducted last year with the Economist
Intelligence Unit, the issue of data integration was at the
forefront of clients’ operational challenges. Nearly half (46
percent) of asset owners rated their ability to achieve a
comprehensive look-through of their portfolio across all security
types and investment structures as less than good,” said Conway.
“And over the next three years, almost two-thirds (63 percent) of
asset owners surveyed expected their data management challenges to
increase. We believe we are assembling the right combination of
technology, expertise and platforms to help solve these
challenges.”
Conway has led a number of businesses and corporate functions
during his 25-year career at State Street in addition to leadership
roles within the company’s international business in Europe and the
Asia-Pacific region.
About State Street
State Street Corporation (NYSE: STT) is the world’s leading
provider 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 more than 100
geographic markets worldwide, including the U.S., Canada, Europe,
the Middle East and Asia. 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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