State Street and CFA Institute Partner to Strengthen Talent Development and Thought Leadership
May 12 2016 - 10:00AM
Business Wire
State Street Corporation (NYSE:STT) and CFA Institute, the
global association of investment professionals, announced today a
partnership with the shared goal of promoting the highest standards
of professional excellence across the financial services industry.
The partnership will enable continued professional development for
State Street employees, and foster industry thought leadership and
research opportunities.
“We are very pleased to be the first institutional firm to
partner with an organization known for its commitment to
strengthening the knowledge, skill and ethical foundations of our
industry,” said Ronald (Ron) O’Hanley, president and chief
executive officer of State Street Global Advisors, the asset
management business of State Street Corporation. “CFA’s mission of
promoting the highest standards of ethics, education, and
professional excellence reflects our own objectives at State
Street.”
For State Street, the three primary benefits of the partnership
will be 1) greater talent development opportunities; 2) ability to
collaborate on thought leadership and research; and 3) increased
risk excellence.
- Talent Development: State Street
has made an enterprise-wide commitment to encouraging employees to
pursue the Chartered Financial Analyst (CFA), Certificate in
Investment Performance Measurement (CIPM) and Claritas professional
designations, with the goal of strengthening professional
qualifications and developmental opportunities for employees across
the globe. CFA charterholders, CIPM and Claritas certificants also
have the opportunity to serve as ambassadors for CFA Institute
programs and help develop curriculum and mentor future candidates.
As part of our commitment to developing talent, this provides a
significant opportunity for our employees.
- Thought Leadership and Research:
Through combined thought leadership, research and promotion, both
State Street and CFA Institute will have the opportunity to amplify
our perspectives to evolve our industry and drive positive change.
As an initial collaboration, our Center for Applied Research is
co-creating a study on investor motivation with CFA Institute,
which will launch later this year.
- Risk Excellence: State Street
and CFA Institute share a commitment to high ethical standards. CFA
Institute will dedicate resources to working with our employees on
CFA Code and Standards, while State Street will have a seat at the
table to help shape overall industry standards in ethical practices
and risk excellence.
“State Street has been a champion for higher standards by
adopting CFA Institute codes and standards, and we are eager to
embark on this strategic partnership, the first of its kind for CFA
Institute,” said Paul Smith, president and CEO of CFA Institute.
“We recognize our collective ability to drive change in the
industry, and working with industry leaders is a model we can use
to make a positive impact on the investment management
profession.”
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 $27 trillion in assets under
custody and administration and $2 trillion* in assets under
management as of March 31, 2016, 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 $33 billion as
of March 31, 2016, for which State Street Global Markets, LLC, an
affiliate of SSGA, serves as the marketing agent.
The whole or any part of this work may not be reproduced, copied
or transmitted or any of its contents disclosed to third parties
without State Street express written consent.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2016 State Street Corporation - All Rights Reserved
Expiration date: 05.31.2017
CORP-1975
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160512005891/en/
State Street CorporationBrendan Paul,
+1-617-662-2903Bpaul2@statestreet.com@StateStreet
State Street (NYSE:STT)
Historical Stock Chart
From Aug 2024 to Sep 2024
State Street (NYSE:STT)
Historical Stock Chart
From Sep 2023 to Sep 2024