Welcome to our dedicated page for State Str news (Ticker: STT), a resource for investors and traders seeking the latest updates and insights on State Str stock.
State Street Corporation (STT), a global provider of financial services to institutional investors, maintains this dedicated news hub for stakeholders seeking authoritative updates. Our curated collection combines official press releases with market-relevant analysis, offering comprehensive tracking of corporate developments.
This resource delivers immediate access to earnings announcements, strategic partnerships, and regulatory filings, alongside expert commentary on market implications. Users benefit from centralized monitoring of investment servicing innovations, asset management trends, and global financial operations updates.
The archive organizes content into key categories including quarterly financial disclosures, leadership changes, risk management initiatives, and technology implementations. Each entry maintains factual accuracy while providing context for institutional investors and financial professionals.
Bookmark this page for efficient tracking of State Street's evolving position in global financial markets. Regular updates ensure continuous access to material developments affecting one of the world's largest custody banks and asset managers.
State Street Corporation (NYSE: STT) has launched two new ETFs: SPDR MSCI USA Climate Paris Aligned ETF (NZUS) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC), aimed at investors looking to decarbonize their portfolios. These funds will track the MSCI USA and MSCI ACWI Climate Paris Aligned Indexes, focusing on reducing climate risks. The University of California's investment arm has committed early-stage investment in these funds as part of its drive towards carbon neutrality by 2025. Notably, the total expense ratio for NZAC has decreased from 20 to 12 basis points.
State Street Corporation (NYSE: STT) announced cash dividends for its preferred stock series, payable on June 15, 2022. Series D will receive $1,475.00 per share ($0.3687 per depositary share), Series F will get $1,130.32 per share ($11.3032 per depositary share), Series G will receive $1,337.50 per share ($0.3343 per depositary share), and Series H will get $2,812.50 per share ($28.1250 per depositary share). The record date for all series is May 31, 2022. State Street manages approximately $4.0 trillion in assets as of March 31, 2022.
State Street Corporation (NYSE:STT) has appointed Michael Knowling as the head of its Global Clients Division. He will oversee a team focused on providing tailored solutions to complex global clients. Knowling brings nearly three decades of experience from Prudential Financial, where he managed client relations and was responsible for developing retirement solutions. His extensive background includes client service and business development roles, highlighting his expertise in meeting client needs. State Street boasts $41.7 trillion in assets under custody and $4.0 trillion in assets under management.
FundGuard announced the successful closure of a $40 million Series B funding round, bringing total investments to over $55 million within 3.5 years. Major investors include Citi and State Street, who join existing backers such as Blumberg Capital and LionBird Ventures. The funding will enhance FundGuard's AI-powered asset servicing platform, enabling better cost-efficiency and innovation in investment management.
FundGuard has recently expanded its client base, launched an investment accounting solution for digital assets, and appointed John Lehner as president.
State Street Corporation (NYSE: STT) reported its first-quarter 2022 financial results. As of
State Street Corporation (NYSE: STT) has launched an integrated fund trading solution targeting clients in Mexico. This secure online platform, in collaboration with Clearstream (Vestima®), provides a single-entry point for fund order services. Key features include connectivity with numerous transfer agents, support for both segregated and omnibus accounts, and a robust infrastructure backed by SWIFT. The first client on this platform is Afore Profuturo, which aims to improve efficiency in managing retirement funds for over six million clients in Mexico. This initiative is part of State Street's expansion strategy in the LATAM region.
Charles River Development, a State Street Company, announced that Rathbone Unit Trust Management has chosen the Charles River Investment Management Solution (IMS) to enhance equity, fixed income, and multi-asset portfolio management. This partnership will utilize the State Street Alpha Data Platform for data management, facilitating near real-time insights into risk and investment data. Rathbones’ assets grew from £1.09bn to £13bn over the past decade, necessitating this upgrade to support future growth. The platform aims to improve operational efficiencies and collaboration within Rathbone's investment teams.
State Street Corporation (NYSE: STT) has announced a change in the timing for its first-quarter 2022 financial results release. The earnings report will now be made available on April 14, 2022, at 8:30 a.m. ET, followed by a webcast at 12:00 p.m. ET. This adjustment aims to reduce scheduling conflicts with other industry earnings announcements. The company manages
State Street Corporation (NYSE:STT) has announced the election of DonnaLee DeMaio to its Board of Directors. Aged 63, DeMaio previously served as executive vice president and global COO for the General Insurance division at AIG, managing over 5,000 employees globally. She also led MetLife Bank and has extensive experience in financial services and risk management. Her appointment aims to enhance the Board's expertise, as noted by CEO Ron O’Hanley. With $43.7 trillion in assets under custody, State Street operates in over 100 markets worldwide.
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