State Street Strengthens Investment Servicing Leadership Team with Appointment
October 27 2014 - 10:21AM
Business Wire
State Street Corporation (NYSE:STT), announced today the
appointment of Jane Kirkland to senior vice president in its
investment servicing business. Kirkland will lead teams dedicated
to specialized asset manager servicing, reporting to Gunjan Kedia,
executive vice president and head of State Street’s US Investment
Services business.
Specialized asset managers are growing rapidly1 and Kirkland
will lead efforts to enhance solutions for this market segment that
in the US represents more than $1.5 trillion in assets under
management.2 Kirkland joins State Street from her own consulting
practice focused on private equity firms, financial institutions
and corporate clients. Previously, she was a partner at McKinsey
and Company and served as director of knowledge management.
“In our recent survey of asset managers, 43 percent of North
American specialized managers cited the development of new products
in their existing markets as their greatest growth opportunity over
the next three years3,” said Kedia. “Now more than ever,
specialized asset managers will need an outsourcing partner with
extensive expertise, tailored solutions and a comprehensive
technology infrastructure to capture that growth potential. Jane’s
expertise will help us as we develop new solutions to support the
unique needs of this client segment and help them remain
competitive in a rapidly evolving market environment.”
About State Street Corporation
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 $28.47 trillion in assets
under custody and administration and $2.42 trillion* in assets
under management as of September 30, 2014, State Street operates in
more than 100 geographic markets worldwide, including the US,
Canada, Europe, the Middle East and Asia. For more information,
visit State Street’s web site at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF (approximately $30 billion as of September 30, 2014), for which
State Street Global Markets, LLC, an affiliate of SSgA, serves as
the distribution agent.
1 ICI Mutual Fund Complex Asset Reports, 2011-2014
2 ICI data as of August 31, 2014
3 State Street commissioned the FT Remark to conduct a global
survey of 300 senior executives at asset management firms globally
during April and May 2014, to examine the future outlook for the
sector. Of those respondents, 60 percent were specialized asset
managers.
CORP-1136
State Street CorporationAnne McNally,
+1-617-664-8576www.statestreet.com@StateStreet
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