State Street Celebrates 225th Anniversary with New York Stock Exchange Bell Ringing
June 26 2017 - 10:23AM
Business Wire
Chairman and CEO Jay Hooley Joins Employees to Celebrate
Historic Milestone
State Street Corporation (NYSE:STT) today announced it will
celebrate its 225th anniversary by ringing the Closing Bell® at the
New York Stock Exchange with Chairman and CEO Jay Hooley. As State
Street celebrates this significant milestone, it is outlining the
way ahead for the industry as being driven by asset
intelligence.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170626005764/en/
“1792 saw key developments that moved the world from potential
to reality,” said Hooley. “From the inception of the US dollar to
the formation of the US Postal Service, assets and information took
on new meaning. And just halfway into that year, John Hancock
signed State Street’s earliest ancestor into existence. Over the
past 225 years, our ability to change has remained constant. And
it's what will continue to define our way ahead.”
Hooley will be joined by clients and colleagues representing the
diversity of and the many firsts achieved by State Street,
including servicing the first mutual fund; being the first company
to have a global, multicurrency fund accounting platform; creating
the first US-listed exchange traded fund (ETF) in 1993; and
launching SHE, the gender diversity index and ETF, in 2016.
“We are delighted to celebrate this historic milestone with
State Street,” said Tom Farley, president of the New York Stock
Exchange. “Having a founding year of 1792 ourselves, at the NYSE we
recognize that building a durable legacy is dependent on constant
innovation and strong stewardship. We look forward to seeing what
the next 225 years will bring and what our listed companies like
State Street will do to continue shaping markets and the world
around us.”
To view a video of State Street’s significant milestones click
[here].
“Our next evolution is about defining our leadership position in
a world where data is the new asset or currency and the future of
markets will be dependent on a new form of asset intelligence,
powered by technology,” concluded Hooley.
State Street also announced today the publication of its latest
research, A New Climate for Growth: Cultivating Asset Intelligence
to Thrive1, which outlines a new model for future growth that will
allow industry participants to: 1) compete at scale; 2) align
technology with ambition; and 3) cultivate the power of asset
intelligence.
Later this year, State Street will also unveil a new
benchmarking tool which will enable clients to benchmark themselves
against the research findings and measure their preparedness for
the future against their peers.
For further details on the study, please click here.
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.
AUM reflects approx. $33.33 billion (as of March 31, 2017) with
respect to State Street Global Advisors Funds Distributors, LLC
(SSGA FD) which serves as marketing agent; SSGA FD and State Street
Global Advisors are affiliated.
1 A New Climate for Growth: Cultivating Asset Intelligence to
Thrive is based on a survey of more than 500 institutional
investors and asset managers worldwide, focused on these
institutions’ priorities for growing their assets, businesses and
improving their investment performance over 1-5 years. Based on
this survey’s results it highlights key conclusions that outline
the strategies and models necessary to achieve these growth
aims.
Important Risk Information:Gender diversity risk
The returns on a portfolio of securities that excludes companies
that are not gender diverse may trail the returns on a portfolio of
securities that includes companies that are not gender
diverse.Concentrated investments in a particular sector or
industry (technology sector and electronic media companies) tend to
be more volatile than the overall market and increases risk that
events negatively affecting such sectors or industries could reduce
returns, potentially causing the value of the Fund’s shares to
decrease.Equity securities may fluctuate in value in
response to the activities of individual companies and general
market and economic conditions.Non-diversified funds that
focus on a relatively small number of securities tend to be more
volatile than diversified funds and the market as a
whole.Passively managed funds hold a range of securities
that, in the aggregate, approximates the full Index in terms of key
risk factors and other characteristics. This may cause the fund to
experience tracking errors relative to performance of the
index.ETFs trade like stocks, are subject to investment
risk, fluctuate in market value and may trade at prices above or
below the ETFs net asset value. Brokerage commissions and ETF
expenses will reduce returns.Distributor: State Street
Global Advisors Funds Distributors, LLC, member FINRA, SIPC, a
wholly owned subsidiary of State Street Corporation. References to
State Street may include State Street Corporation and its
affiliates. Certain State Street affiliates provide services and
receive fees from the SPDR ETFs.Before investing, consider the
funds' investment objectives, risks, charges and expenses. To
obtain a prospectus or summary prospectus which contains this and
other information, call 1-866-787-2257 or visit
www.spdrs.com. Read it carefully.Not FDIC Insured
• No Bank Guarantee • May Lose Value
CORP-3077
Exp Date: 6/30/2018
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version on businesswire.com: http://www.businesswire.com/news/home/20170626005764/en/
State Street CorporationAnne McNally, +1
617-664-8576AEMcNally@statestreet.com@StateStreet
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