State Street Strengthens US Investor Services Team with Appointment of ETF Industry Expert
June 23 2017 - 10:00AM
Business Wire
Former Bank of New York Veteran to Steer Industry-Leading
Servicing Team for ETFs and Mutual Funds
State Street Corporation (NYSE:STT) announced today that it has
appointed Steve Cook, an Exchange Trade Fund (ETF) industry expert,
and mutual fund industry veteran to serve as senior vice president
within its US Investment Services business. Cook joined State
Street in late April reporting to Tom Forrester, senior vice
president for State Street’s Investors Services Americas team.
“We are very pleased to welcome Steve to State Street,” said
Forrester. “He has a rich knowledge of complex fund structures, and
will provide immediate value to our clients. As ETFs continue to
gain traction in the market, we are committed to providing clients
the highest levels of insight and support. Steve’s appointment is a
testament to that commitment.”
Cook will oversee a broad range of relationships with clients
operating diverse fund structures in the US and globally. He
previously spent 20 years at BNY Mellon, serving most recently as
head of structured products services business, which comprised the
firm’s ETF business globally and the Unit Investment Trust and
Closed End Funds services business in the US.
State Street recently announced that global ETF assets under its
administration have exceeded US$2 trillion globally,1 representing
more than 55 percent of the ETF and ETP market2.
About State Street Corporation
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 $29.83 trillion in assets under custody and
administration and over $2 trillion* in assets under management as
of March 31, 2017, State Street operates globally in more than 100
geographic markets and employs 34,817 worldwide. For more
information, visit State Street's website at
www.statestreet.com.
* Assets under management were $2.56 trillion as of March 31,
2017. AUM reflects approximately $33.30 billion (as of March 31,
2017) with respect to which State Street Global Markets, LLC (SSGM)
serves as marketing agent; SSGM and State Street Global Advisors
are affiliated.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2017 State Street Corporation - All Rights Reserved
CORP-3006
1 State Street Global Services Worldwide ETF Servicing Report2
ETFGI Global ETF and ETP January 2017 report
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version on businesswire.com: http://www.businesswire.com/news/home/20170623005330/en/
State Street CorporationBrendan Paul, +1
617-662-2903Bpaul2@statestreet.com@StateStreet
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