State Street Strengthens Not-for-Profit Investment Sourcing Team
March 31 2016 - 1:00PM
Business Wire
Promotes Maria Luce, 20-year State Street Veteran, Head of
Endowment, Foundation and Healthcare Division
State Street Corporation (NYSE:STT) announced today that it has
promoted Maria Luce to managing director and division head for the
endowment, foundation and healthcare business within State Street’s
Institutional Investor Services business. Luce joined State Street
in 1996 and brings a wealth of client relationship and
institutional experience to the team.
“Endowments and foundations are at the forefront of innovation
in the investment industry as they are increasingly broadening
their portfolios and expanding into new asset classes,” said
Stephen Nazzaro, executive vice president and head of the asset
owner division within State Street’s Institutional Investor
Services team. “Maria is a true leader with a strong track record.
We are thrilled to have her heading our endowment and foundation
group.”
A State Street-commissioned study of nearly 200 endowment and
foundation funds revealed more than half of funds expect to ramp up
their risk appetite over the next three years, and that
alternatives are becoming an even more important factor in their
investment strategy with 38 percent expecting to increase their
allocation to infrastructure. The complete report can be found
here.
In April 2016, Luce will host State Street’s Endowments &
Foundations Forum. The annual event draws top executives from
leading endowment, foundation, and healthcare organizations, and
provides an opportunity for networking and idea exchange with peers
and State Street executives. This year’s event, taking place in
Boston on April 12, will feature discussions of top trends for the
nonprofit investment community, from managing data and investment
risk to regulatory standards and emerging technologies.
State Street supports both direct and indirect structures and
currently services five of the top 10 nonprofits in the US.
About State StreetState 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 trillion
in assets under custody and administration and $2 trillion* in
assets under management as of December 31, 2015, 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 website at
www.statestreet.com.
* Assets under management include approximately $22 billion as
of December 31, 2015, for which State Street Global Markets, LLC,
an affiliate of SSGA, serves as the distribution agent.
About The ResearchOn behalf of State Street, the
Economist Intelligence Unit conducted a global survey of
institutional asset owners during July and August of 2014. The
survey garnered 170 responses from endowment and foundation
executives globally, spanning public and private institutions.
CORP-1870
Expiration date: 03/31/2017
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version on businesswire.com: http://www.businesswire.com/news/home/20160331006194/en/
State Street CorporationJulie Kane,
+1-617-664-3001JEKane@statestreet.com@StateStreet
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