State Street Corporation provides financial services to institutional investors, with recurring updates tied to investment servicing, investment management, investment research and trading. Company news commonly covers earnings releases, client servicing mandates, ETF and mutual fund operating support, custody and fund administration capabilities, and product activity within State Street Investment Management.
Recent developments also include digital-asset and tokenized fund initiatives, such as the State Street Galaxy Onchain Liquidity Sweep Fund, along with active ETF launches and expanded support for ETF share-class structures. Governance updates, including board appointments, appear alongside operating and capital-markets news.
State Street Corporation (NYSE: STT) announced that President Lou Maiuri and CFO Eric Aboaf will speak at the Barclays Global Financial Services Conference in location value="LU/us.ny.nyc"New York on September 12, 2022, at 9:00 am ET. A webcast will be available at investors.statestreet.com. The recorded session will be accessible for two weeks post-event. With $38.2 trillion in assets under custody and $3.5 trillion in assets under management as of June 30, 2022, State Street continues its global presence across 100 markets.
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State Street Corporation (NYSE: STT) announced the issuance of $750 million in fixed-to-floating rate senior notes due 2033, marking its third such offering this year. The underwriting syndicate featured 33% participation from Latinx-owned broker-dealers, emphasizing State Street's commitment to inclusion, diversity, and equity in finance. The offering was oversubscribed by 4.3 times, demonstrating strong demand. This initiative aligns with the company's Environmental, Social, and Governance strategies, particularly in increasing Latinx representation within the industry.
Arcesium, a financial technology firm, has partnered with State Street Fund Connect to enhance cash management solutions for institutional investors. This alliance aims to deliver a consolidated view of cash portfolios and provide access to multiple markets. By integrating Arcesium's Treasury Suite with Fund Connect's capabilities, clients can manage payments and cash within a unified ecosystem, thereby improving capital efficiency and reducing operational overhead. The partnership will also facilitate access to major money market funds, enhancing liquidity management for clients.
State Street Corporation (NYSE: STT) has declared a quarterly cash dividend of $0.63 per share, payable on October 13, 2022. Shareholders of record as of October 3, 2022 will receive this dividend. As of June 30, 2022, State Street manages $3.5 trillion in assets and oversees $38.2 trillion in assets under custody. The company operates in over 100 markets globally and employs approximately 40,000 people.
State Street Corporation (NYSE: STT) has announced a quarterly cash dividend on its non-cumulative perpetual preferred stock series. The dividends are as follows:
- Series D: $1,475.00 per share ($0.3687 per depositary share), payable on September 15, 2022, to holders of record by August 31, 2022.
- Series F: $1,386.61 per share ($13.8661 per depositary share), payable on September 15, 2022.
- Series G: $1,337.50 per share ($0.3343 per depositary share), payable on September 15, 2022.
State Street Corporation (NYSE:STT) has appointed Brenda Tsai as the new executive vice president and global chief marketing officer. With over 27 years of experience in marketing, Tsai will lead the global marketing team, enhancing customer acquisition and brand strategy. Her prior roles include chief marketing officer at Bank of New York Mellon and DXC Technology. This strategic appointment aims to strengthen State Street's brand and focus on exceptional client experiences, aligning with the firm’s mission to create better outcomes for investors.
State Street Global Advisors has appointed Jennifer Taylor as the new Head of Emerging Market Debt (EMD) and Senior Portfolio Manager, overseeing approximately $35 billion in assets. Taylor, based in location value="LU/gb.eng.london"London, previously managed the EMD business at Janus Henderson Investors. Her extensive experience is expected to drive growth in EMD strategies, responding to increasing investor demand. Stephen Yeats indicated that her leadership will enhance the investment process for State Street's offerings.
State Street Corporation (NYSE: STT) announced its second-quarter 2022 financial results, with $38.2 trillion in assets under custody and/or administration, and $3.5 trillion in assets under management as of June 30, 2022. The company serves institutional investors globally and will hold a conference call to discuss the results at 12:00 p.m. ET today, July 15, 2022. The call will be publicly accessible via audio webcast.
State Street Corporation (NYSE: STT) has announced a change in the timing of its second-quarter 2022 financial results release. The results will now be disclosed on July 15, 2022, at 7:30 a.m. ET, with a webcast and teleconference scheduled for 12:00 p.m. ET. This adjustment aims to minimize conflicts with other earnings announcements within the industry. State Street, a leading provider of financial services to institutional investors, oversees $41.7 trillion in assets under custody and $4.0 trillion in assets under management as of March 31, 2022.