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 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 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.
State Street Corporation (NYSE: STT) has launched a new Bitcoin Thematic Indicator series designed to gauge the increasing media coverage and sentiment surrounding Bitcoin. This initiative expands their MediaStats Thematic Indicators, which were introduced in November 2020 in collaboration with MKT MediaStats. The indicators analyze vast digital news sources to assist institutional investors in understanding how Bitcoin influences traditional markets. The new Bitcoin Indicator provides valuable insights, allowing investors to make more informed portfolio management decisions.
State Street Corporation (NYSE: STT) has appointed Aman Thind as executive vice president and global chief architect. Reporting to Brian Franz, Thind will drive the firm's technology transformation and support innovations in digital assets, including crypto. Previously CTO of State Street’s GlobalLink platform, Thind has extensive experience, having worked with leading firms like Morgan Stanley and Fidelity. This leadership change is part of State Street's commitment to enhancing its technology capabilities and meeting the evolving needs of global clients.
State Street Corporation (NYSE: STT) has declared cash dividends on non-cumulative perpetual preferred stock series. The Series D dividend is $1,475.00 per share ($0.3687 per depositary share), Series F is $966.22 per share ($9.6622 per depositary share), Series G is $1,337.50 per share ($0.3343 per depositary share), and Series H is $2,812.50 per share ($28.1250 per depositary share). All dividends are payable on June 15, 2021, to shareholders on record as of June 1, 2021.
Charles River Development, a State Street company, announced the expansion of its partnership with Nomura Asset Management Co., Ltd., a prominent Japanese asset manager with approximately US$607 Billion AUM. Nomura will utilize the Charles River Investment Management Solution on Microsoft Azure to streamline post-trade operations and enhance investment management. This SaaS deployment aims to reduce operational risks, minimize technology overhead, and accommodate increasing trading volumes as Nomura expands its investment offerings.
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