State Street Receives Industry Awards for Client Service and Technology Excellence in Enterprise Market Risk Management
March 21 2019 - 9:00AM
Business Wire
State Street Corporation (NYSE: STT), one of the world's leading
providers of financial services to institutional investors, today
announced that State Street Global Exchange® has been recognized
for its excellence in client service, technology and analytical
techniques by Celent, a research, advisory and consulting firm
focused on financial services technology. Celent is a division of
the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh
& McLennan Companies.
State Street Global Exchange was awarded Celent’s “XCelent
Advanced Technology and Analytics” award, which recognizes State
Street’s cutting-edge investments in using natural language
processing and machine learning to enhance its portfolio and
investment risk offerings. They also noted State Street’s cohesive
architectural vision, strong product roadmap and innovative
approaches to solving existing problems.
State Street Global Exchange also received Celent’s “XCelent
Customer Base and Presence” honor, based on the company’s track
record and reputation as “ahead of the curve” across asset
managers, asset owners, and hedge fund managers, through its
research and creation of leading investment analytics and risk
management tools.
“We are thrilled to be recognized by Celent for our technology
expertise across our client services and portfolio and investment
risk offerings,” said Mark McKeon, head of Analytics for State
Street Global Exchange. “State Street is committed to delivering
consistent excellence in our investment value chain through the use
of innovative technologies, as we work to produce next-generation
capabilities for our clients. Our outsourced Enterprise Risk
Management solution is being utilized by some of the world’s
largest asset managers and asset owners to provide them with an
enterprise view of risk and performance and consolidated views of
their investment portfolio.”
Celent determined awardees based on an evaluation of enterprise
solutions that provide portfolio and investment risk management for
front-office and risk-management stakeholders, examining each
company’s strengths and weaknesses across various dimensions
related to firmwide risk aggregation, performance and risk
attribution, total portfolio monitoring and control, stress
testing, as well as liquidity analysis and risk-centric regulatory
reporting.
Cubillas Ding, Research Director at Celent, said, “Looking at
the trajectory of where investment firms and solution vendors are
headed, we anticipate that, as we move into the new decade,
investment and risk management capabilities will increasingly
separate winners from losers, in terms of their agility to deliver
to critical ‘bread and butter’ industrialization demands. At the
same time, these winners will need to navigate convergence trends
and embrace value-added innovation ambitions.”
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 $31.62 trillion in assets
under custody and administration and $2.51 trillion* in assets
under management as of December 31, 2018, 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.
*This figure is presented as of December 31, 2018 and includes
approximately $32.44 billion of assets with respect to SPDR
products for which State Street Global Advisors Funds Distributors,
LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
**Awards annoucened in Celent’s Next-Generation Portfolio &
Investment Risk Capabilities (Part 4): Enterprise Edition; November
29, 2018
Marketing Communication
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900
© 2019 State Street Corporation - All Rights Reserved
2468640.1.1.GBL.
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