State Street Opens New Global Headquarters
September 20 2023 - 9:00AM
Business Wire
- New Headquarters at One Congress Street Celebrates the
Company’s 231-Year History and Commitment to Boston
- Company Launches New Brand and Visual Identity
State Street Corporation (NYSE: STT) today marked the opening of
its new global headquarters building at One Congress Street,
located in the Bullfinch Crossing area of downtown Boston. The new
headquarters embraces the evolving needs of the workforce with
flexible workstations and an environment built for increased
collaboration and productivity.
“Boston has been home to State Street for more than 230-years
and today’s opening further demonstrates our commitment to the city
as a hub for both innovation and financial excellence,” said Ron
O’Hanley, chairman and chief executive officer of State Street
Corporation. “This is the beginning of a new and exciting chapter
in our company's rich history, and one that will provide our
employees with a state-of-the-art working environment that will
increase our ability to collaborate and ultimately, help us achieve
better outcomes for our clients, our employees and the
industry.”
State Street occupies approximately 500,000 square feet of
space, including wellness amenities and an innovative client
center.
“Boston’s diverse business sector has played an invaluable role
in shaping our city over the years, and State Street has roots
centuries deep in Boston,” said Mayor Michelle Wu. “I’m grateful
that State Street has chosen to continue making Boston its home and
look forward to their continued positive influence in our city at
the new One Congress headquarters.”
Launches the First New Brand Identity in More than 50
Years
Additionally, State Street is launching a new brand and
digital-first visual identity to better reflect the future of the
organization. The new brand is designed to reflect the company’s
innovation and history of firsts. Brand remains a critical driver
of the company’s success, employee engagement and market value.
“Our new brand reflects our identity and the future of our
organization – one that is leading, transformative and
client-centric,” added Lou Maiuri, president, chief operating
officer and head of Investment Services for State Street
Corporation. “It also demonstrates the essential advantage we
deliver to institutional investors with leading financial
platforms, data, expertise and solutions that help enhance
performance and better decision making.”
State Street has been an integral part of the Boston real estate
and development community over the years with headquarters
buildings serving as fixtures in multiple locations including the
Financial District, Back Bay and Downtown Crossing. Its history of
innovation includes servicing the first US mutual fund, the first
multi-currency accounting platform, launching and servicing SPY
(the first and largest US-listed exchange traded fund), and
launching State Street Alpha®, the industry’s first interoperable,
comprehensive front-to-back solution.
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 $39.6 trillion in assets
under custody and/or administration and $3.8 trillion* in assets
under management as of June 30, 2023, State Street operates
globally in more than 100 geographic markets and employs
approximately 43,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of June 30, 2023 includes
approximately $63 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230920786991/en/
Media Contact: Ed Patterson Mobile: +1 404 213 3106
epatterson@statestreet.com
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