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 (NYSE: STT) is a global financial institution focused on providing financial services to institutional investors, including investment servicing, investment management, and investment research and trading. The STT news feed on Stock Titan aggregates company announcements, Business Wire releases, and other disclosures that illustrate how State Street operates across markets and products.
Recent news highlights State Street Investment Management’s strategic initiatives, such as a planned minority investment, subject to regulatory approval, in Groww Asset Management Limited in India to support Indian-focused investment strategies, and partnerships with Galaxy Asset Management to develop a tokenized private liquidity fund that aims to provide onchain liquidity using stablecoins. Other releases describe State Street’s role as a service provider for actively managed UCITS ETFs launched by Columbia Threadneedle Investments and Dimensional Fund Advisors in Europe.
Investors and analysts following STT can also find announcements about quarterly and full-year financial results, dividend declarations on common stock, and corporate programs such as matching contributions to children’s savings accounts under a U.S. Treasury initiative. Additional items include participation in industry conferences, updates on the Select Sector SPDR ETF franchise, and technology developments at Charles River Development, a State Street company providing front-office investment management solutions.
This news page allows users to review how State Street communicates its business developments, capital markets activity, and product collaborations over time. By examining these updates together, readers can better understand the themes shaping State Street’s institutional services, ETF and fund servicing capabilities, asset management initiatives, and involvement in areas such as digital assets and sector-based investing.
State Street Corporation (NYSE: STT) will announce its Q2 2021 financial results on July 16, 2021, at 7:30 a.m. ET. A review will follow at 10:00 a.m. ET via webcast and teleconference. Interested parties can access the call on State Street’s Investor Relations website or by phone. The company, recognized as a leading financial services provider, manages $3.6 trillion in assets, with $40.3 trillion under custody and/or administration as of March 31, 2021.
Charles River Development, a State Street Company, announced that Key Private Bank has consolidated its portfolio management onto Charles River's Wealth Management Solution. This upgrade includes enhanced compliance, data services, and performance measurement capabilities. KeyBank's COO emphasized that this strategic move is aimed at scaling operations and improving client service. Charles River's Global Head of Wealth noted that this collaboration will boost efficiency and modernize operations, positioning Key Private Bank for growth.
State Street Corporation (NYSE: STT) has launched a new division, State Street Digital, aimed at enhancing digital finance services. Led by industry veteran Nadine Chakar, this initiative responds to the financial sector's shift towards digital assets, including crypto and blockchain. The division will leverage State Street's GlobalLink platform to develop a multi-asset digital strategy, addressing client needs for both traditional and digital investments. This builds on the company’s history of innovation, including recent roles in managing bitcoin-related financial products.
State Street Corporation (NYSE: STT) has announced strategic partnerships with prominent organizations to enhance career opportunities for Black and Latinx professionals in the financial services sector. These initiatives aim to provide access to inclusion, diversity, and equity best practices, fostering a more diverse talent pipeline. Collaborating organizations include A Better Chance, National Association of Securities Professionals, The Toigo Foundation, and the Association of Luxembourg Fund Industry. This effort aligns with State Street's ongoing commitment to combat racial inequities and its broader 10 Actions plan addressing workplace racism.
State Street Corporation (NYSE: STT) has appointed Jason Knight as the global head of its Insurance segment. Knight, who brings 27 years of experience in financial services, previously led the Insurance Segment at BNY Mellon. His role will focus on developing the segment's global strategy, enhancing client experiences, and collaborating with senior leadership. This appointment is part of State Street's ongoing enhancements to support insurance clients, including a partnership with SimCorp for integrated investment outsourcing solutions in EMEA.
State Street Global Advisors announced the retirement of Lynn Blake, Chief Investment Officer of Global Equity Beta Solutions, effective September 30, 2021, after over 30 years with the firm. John Tucker will succeed her, having extensive experience in senior roles since joining in 1990. Additionally, Karen Wong is appointed as Global Head of ESG and Sustainable Investing, effective June 14, 2021. Under Blake, the GEBS business managed over $2.3 trillion in assets as of March 31, 2021. The firm aims to strengthen its ESG capabilities with Wong's leadership.
State Street Corporation (NYSE: STT) has expanded its partnership with Aberdeen Standard Investments (ASI) by servicing two of ASI's ETF funds. This transition aims to enhance cost control and operational efficiencies. Frank Koudelka, from State Street, emphasized the firm’s leadership in the ETF space, which will support ASI's expansion efforts. State Street's comprehensive back-office services include custody and fund administration for ASI's fund range in the U.S. and Canada, reflecting a deeper collaboration as ASI regards State Street as a strategic partner.
State Street Corporation (NYSE:STT) has announced that CEO Francisco Aristeguieta and CFO Eric Aboaf will participate in Morgan Stanley’s US Financials Conference on June 14, 2021, at 9:30 am ET. The event will be held virtually, and a webcast will be available on State Street’s Investor Relations homepage. A recorded replay will be accessible later that day for approximately two weeks. As of March 31, 2021, State Street oversees $40.3 trillion in assets under custody and $3.6 trillion in assets under management, with operations in over 100 geographic markets worldwide.
State Street Corporation (NYSE: STT) declared a quarterly cash dividend of $0.52 per share, scheduled for payment on July 12, 2021. Shareholders of record by the close of business on July 1, 2021 will receive this dividend. State Street is a leading financial services provider with $40.3 trillion in assets under custody and/or administration, and $3.6 trillion in assets under management as of March 31, 2021.
State Street Corporation (NYSE:STT) announced that its Chairman & CEO, Ron O’Hanley, along with CFO Eric Aboaf, will participate in Bernstein’s Annual Strategic Decisions Conference on June 2, 2021, at 10:00 am ET. The event will be held virtually, and a webcast will be available on State Street’s Investor Relations page. A recorded replay will be accessible later in the day for approximately two weeks. As of March 31, 2021, State Street oversees $40.3 trillion in assets under custody and $3.6 trillion in assets under management.
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