State Str Corp Stock Price, News & Analysis

State Street Global Advisors (NYSE: STT) is organizing a historic event in Times Square on October 29, 2024, aiming to set a GUINNESS WORLD RECORDS title for the most people ringing a bell in one hour. The event, scheduled from 3:00 PM to 4:45 PM ET, coincides with the Nasdaq closing bell ceremony and includes an immersive Times Square takeover experience.

This initiative celebrates the firm's legacy as the pioneer of the first US-listed ETF three decades ago and demonstrates their commitment to helping investors achieve their financial goals. The event is open to all investors, symbolizing the company's dedication to creating better outcomes for global investors.

S&P Global (NYSE: SPGI) has announced the appointment of Eric Aboaf as its new Chief Financial Officer, effective February 2025. Aboaf will oversee all aspects of the company's Finance function and report to Martina L. Cheung, S&P Global's incoming President and CEO. Aboaf joins from State Street (NYSE: STT), where he served as CFO for nearly eight years and Vice Chairman since 2022.

Aboaf brings extensive experience in financial services, having held CFO roles in multiple publicly traded companies. His background includes positions at Citizens Financial Group and Citigroup, as well as a partnership at Bain & Company. The appointment is part of S&P Global's leadership transition, with Cheung assuming her role as President and CEO on November 1, 2024.

State Street (NYSE: STT) has released its third-quarter 2024 financial results. The company has made available a news release, presentation, and additional financial information on its Investor Relations website. A conference call to discuss the financial results, outlook, and related matters is scheduled for 12:00 p.m. ET on Tuesday, October 15, 2024. The call is open to the public and can be accessed via the company's Investor Relations website or by phone at (+1) 800 717 1738 (Conference ID #26547). A replay of the call will be available on the website and by phone at (+1) 888 660 6264 (Playback Passcode: 26547#) for approximately one month following the conference.

State Street (NYSE: STT) has announced that Eric Aboaf, vice chairman and chief financial officer (CFO), will be leaving the company in February 2025 to pursue a new opportunity outside of banking. State Street has initiated a formal internal and external search process for Aboaf's successor. Aboaf will remain with the company until February to ensure a smooth transition.

Ron O'Hanley, chairman and CEO of State Street, praised Aboaf's eight-year tenure, highlighting his contributions to the company's financial and business performance, strengthening of the finance function, and role in developing the strategic growth plan. Aboaf expressed gratitude for his time at State Street and confidence in the company's future success.

State Street (NYSE: STT) has announced its strategic expansion into Mexico as part of its broader growth strategy for Latin America. The company has appointed Maria Ximena Vasquez Barbosa as Regional Sales Head Latin America & Caribbean to lead this expansion. Based in Mexico City, Maria Ximena will report to Oliver Berger, executive vice president and head of Emerging Growth Markets for State Street.

This move builds on State Street's existing operations in Colombia, Chile, and Peru, reflecting its commitment to serving the region's expanding financial markets. Maria Ximena brings over 20 years of experience in securities services, having previously worked for Citibank and Santander. She has been recognized as an industry leader for her collaboration with regulators and market participants in Colombia, Chile, and Peru.

Charles River Development, a State Street Company, announced that Operadora de Fondos Banorte, one of Mexico's largest mutual fund companies, has gone live on Charles River's cloud-based Investment Management Solution (IMS). Banorte will use the platform to modernize their front, middle, and back-office operations and streamline management of domestic and international equity, fixed income, and multi-asset portfolios.

The Charles River IMS offers automated workflows and straight-through processing for portfolio construction, performance attribution, order management, and compliance. It provides a global, multi-asset view of cash and positions in real-time, enhancing decision-making and operational efficiency. Alejandro Aguilar Ceballos, CEO of Operadora de Fondos Banorte, cited the need to manage complex global multi-asset portfolios and deliver innovative products as key drivers for adopting the platform.

State Street (NYSE: STT) and TCW have expanded their long-standing partnership to include middle office services. This builds on State Street's existing administrative and custody services for TCW's public and private fund complexes, as well as capital for TCW's alternatives platform. TCW will utilize State Street's Alpha services to integrate with its front-end platform, unifying the investment management process.

The partnership aims to enhance TCW's operational efficiency and scalability while maximizing technology investments. It also supports TCW's strategic growth initiatives, particularly in credit alternatives, which has seen a doubling of assets over the past four years. Both companies expressed enthusiasm about the expanded collaboration, emphasizing its alignment with TCW's commitment to innovation and operational excellence.

State Street (NYSE: STT) has announced an extension of its exchange traded fund (ETF) and mutual fund servicing relationship with VanEck, a leading global asset management firm. The extended agreement includes comprehensive support for VanEck's expanding range of ETF funds, reflecting State Street's commitment to providing innovative solutions for the global ETF marketplace.

The partnership builds on a long-standing relationship, with State Street serving as a full-service provider for VanEck's global ETF and mutual fund servicing needs, including digital asset ETFs. State Street was previously appointed as Administrator and Transfer Agent for VanEck's Bitcoin ETF (HODL) and more recently as Administrator, Transfer Agent, and Cash Custodian for the VanEck Ethereum ETF (ETHV).

State Street is currently the largest ETF administrator globally, servicing over 2,800 ETFs across 13 countries in a $13.5 trillion ETF marketplace. The company's ETF servicing business offers integrated global capabilities and proprietary technology to support clients in the growing ETF market.

State Street (NYSE: STT) has appointed Vanessa Fernandes as head of Digital Asset Solutions. Fernandes, based in New Jersey, will report to Donna Milrod, chief product officer at State Street. With over 25 years of financial services experience, Fernandes will drive the execution of State Street's digital asset strategy, partnering with leaders across product, technology, operations, and the Chief Commercial Office.

Prior to joining State Street, Fernandes was Managing Director and Global Head of Digital Experience at BNY. She also held senior leadership roles at Itaú Unibanco, including Chief Information Officer and CEO of Digital Assets. Her appointment follows State Street's recent strategic agreement with Taurus SA, aimed at enhancing the firm's digital asset capabilities, including tokenization and digital asset custody services.