State Street Recognized by Global Investor/ISFMagazine as Top Global Custodian for Second Consecutive Year
August 16 2017 - 12:08PM
Business Wire
Company Receives Top Ranking in all 13 Categories in which it
Qualified
State Street Corporation (NYSE: STT) announced today that it has
been named as the overall top-rated global custodian for the second
year in a row by Global Investor/ISF Magazine’s 2017 Global Custody
Survey.
The Global Investor/ISF Global Custody Survey invited
institutional investors including banks, asset managers and asset
owners to rate their custody service provider across 16 service
categories. State Street was a standout performer among its peers,
achieving the highest global average score compared with six other
major organizations.
Additionally, when only taking into consideration respondents
that used multiple custodians, State Street had the top scores in
the weighted table in EMEA, the Americas and Asia Pacific, leading
the way in global total and global average scores.
State Street also scored high rankings in individual service
categories, winning the top ranking in all 13 of the weighted
categories in which it qualified: cash management, class actions,
client services, corporate actions, foreign exchange services, fund
accounting quality, income collections, industry knowledge,
network, relationship management, reporting and safety of client
assets and settlements.
“Client service is at the heart of who we are as an
organization,” said Andrew Erickson, executive vice president and
head of investment servicing, Americas. “To be named top global
custodian for the second year in a row is a reminder of the
commitment we have made to ensure our clients are benefiting from
our talent and technology. We are proud of and honored by this
recognition.”
State Street provides a range of investment servicing solutions
such as custody, fund accounting, performance and analytics, and
client reporting to a broad array of institutional investors
globally.
For full results of the survey please click here.
About State Street CorporationState 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 $31.0 trillion in assets under custody and
administration and $2.60 trillion* in assets under management as of
June 30, 2017, 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.
* AUM reflects approx. $34 billion (as of June 30, 2017) with
respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are
affiliated.
Important Information
All information has been obtained from sources believed to be
reliable, but its accuracy is not guaranteed. There is no
representation or warranty as to the current accuracy, reliability
or completeness of, nor liability for decisions based on such
information and it should not be relied on as such.
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900.
© 2017 State Street Corporation - All Rights Reserved
CORP-3192
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State Street CorporationKerri Doherty, +1
617-664-1898KCDoherty@statestreet.com@StateStreet
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