SSGA

Charles River® Appoints Nidhi Singh as Chief Product Officer

Retrieved on: 
Wednesday, February 2, 2022

Charles River Development (CRD), a State Street Company, has appointed Nidhi Singh as Chief Product Officer.

Key Points: 
  • Charles River Development (CRD), a State Street Company, has appointed Nidhi Singh as Chief Product Officer.
  • CRD, provider of the Charles River Investment Management Solution (Charles River IMS) and the front-office technology foundation for State Street Alpha, was acquired by State Street in 2018.
  • We are delighted to welcome Nidhi Singh to this new role as we further innovate and invest in Charles Rivers product portfolio and development team, said Spiros Giannaros, president and chief executive officer of Charles River.
  • Nidhi Singh, chief product officer and global head of product and product marketing at Charles River, said: Im excited to be joining Charles River at this pivotal moment as we build out the next generation of State Street Alpha.

State Street Announces Chief Financial Officer to Participate in Credit Suisse’s 23rd Annual Financial Services Forum

Retrieved on: 
Wednesday, January 26, 2022

State Street Corporation (NYSE: STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate in Credit Suisses 23rd Annual Financial Services Forum in Miami, Florida on Friday, February 18, 2022, at 11:20 am ET.

Key Points: 
  • State Street Corporation (NYSE: STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate in Credit Suisses 23rd Annual Financial Services Forum in Miami, Florida on Friday, February 18, 2022, at 11:20 am ET.
  • An audio webcast will be accessible on the home page of State Streets Investor Relations website, investors.statestreet.com .
  • State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading.
  • SSGA FD and State Street Global Advisors are affiliated.

State Street Announces Planned Retirement of Cyrus Taraporevala

Retrieved on: 
Wednesday, January 19, 2022

State Street Corporation (NYSE:STT) today announced that Cyrus Taraporevala, president and chief executive officer of State Street Global Advisors, will retire in 2022.

Key Points: 
  • State Street Corporation (NYSE:STT) today announced that Cyrus Taraporevala, president and chief executive officer of State Street Global Advisors, will retire in 2022.
  • Taraporevala joined State Street Global Advisors in 2016 and held a variety of senior leadership roles including responsibility for leading the global institutional client, product and marketing teams.
  • He was appointed president and chief executive officer of State Street Global Advisors in late 2017.
  • Having Cyrus continue to lead State Street Global Advisors and transition responsibilities to a successor will help ensure we build on its strong momentum.

State Street Reports Fourth-Quarter and Full-Year 2021 Financial Results

Retrieved on: 
Wednesday, January 19, 2022

State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2021 financial results today.

Key Points: 
  • State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2021 financial results today.
  • The news release, presentation, and additional financial information can be accessed on State Streets Investor Relations website, http://investors.statestreet.com .
  • A conference call to discuss the firms financial results, outlook and related matters will be held at 10:00 a.m.
  • State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading.

State Street Secures Mandate for Raytheon Technologies Corporation’s U.S.-Based Defined Contribution Assets

Retrieved on: 
Tuesday, January 18, 2022

State Street Corporation (NYSE: STT) today announced it has been selected by Raytheon Technologies (NYSE: RTX) as trustee, custodian, asset manager, securities lending agent and transition manager for the Raytheon Technologies Corporation Savings Plan Master Trust, a $54 billion master trust which holds assets for all U.S.-based defined contribution plans sponsored by Raytheon Technologies.

Key Points: 
  • State Street Corporation (NYSE: STT) today announced it has been selected by Raytheon Technologies (NYSE: RTX) as trustee, custodian, asset manager, securities lending agent and transition manager for the Raytheon Technologies Corporation Savings Plan Master Trust, a $54 billion master trust which holds assets for all U.S.-based defined contribution plans sponsored by Raytheon Technologies.
  • As part of this arrangement, Raytheon Technologies renewed a number of services for the Raytheon Technologies Corporation Savings Plan Master Trust with State Street including trustee, custody, accounting, performance measurement, benefit payments and investment management services.
  • Raytheon Technologies opted to renew and expand the relationship with State Street based upon their long-standing strategic partnership which spans more than 30 years.
  • State Street is delighted to expand our very important relationship with Raytheon Technologies, said Francisco Aristeguieta, chief executive officer of State Street Institutional Services.

State Street Global Advisors Launches Three SPDR® ETFs to Enhance ESG Portfolio Construction

Retrieved on: 
Tuesday, January 11, 2022

State Street Global Advisors began managing its first ESG portfolio more than 35 years ago and today manages $524 billion in ESG index assets under management.3 As stewards of clients capital, State Street Global Advisors helps investors see that what is fair for people and sustainable for the planet can deliver long-term performance.

Key Points: 
  • State Street Global Advisors began managing its first ESG portfolio more than 35 years ago and today manages $524 billion in ESG index assets under management.3 As stewards of clients capital, State Street Global Advisors helps investors see that what is fair for people and sustainable for the planet can deliver long-term performance.
  • SPDR ETFs are sponsored by affiliates of State Street Global Advisors.
  • For more information, visit www.ssga.com/etfs
    For four decades, State Street Global Advisors has served the worlds governments, institutions and financial advisors.
  • Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation.

State Street Corporation Announces Date for Release of Fourth-Quarter and Full-Year 2021 Financial Results and Conference Call Webcast

Retrieved on: 
Tuesday, January 4, 2022

State Street Corporation (NYSE: STT) plans to announce its fourth-quarter and full-year 2021 financial results on Wednesday, January 19, 2022 at approximately 7:30 a.m.

Key Points: 
  • State Street Corporation (NYSE: STT) plans to announce its fourth-quarter and full-year 2021 financial results on Wednesday, January 19, 2022 at approximately 7:30 a.m.
  • The results will be reviewed via webcast and teleconference at 10:00 a.m.
  • The conference call will be accessible on State Streets Investor Relations website at http://investors.statestreet.com and by telephone at (833) 380-0399 or (236) 714-2093 (Conference ID# 6314319).
  • State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading.

State Street and LSEG Expand Relationship

Retrieved on: 
Monday, December 20, 2021

Building on their longstanding relationship, the agreement includes a wide range of capabilities to support State Street across its business, enhancing its offerings to clients.

Key Points: 
  • Building on their longstanding relationship, the agreement includes a wide range of capabilities to support State Street across its business, enhancing its offerings to clients.
  • LSEG brings together a broad range of data, indexes and analytical services, said John Plansky, executive vice president and head of State Street Alpha.
  • Together with State Streets middle and back office capabilities, Charles Rivers cloud-deployed software technology forms the foundation of State Street Alpha .
  • State Street may have a commercial relationship with issuers of financial instruments or other products discussed in this communication

State Street Corporation Declares Fourth-Quarter Dividend on Its Common Stock

Retrieved on: 
Thursday, December 16, 2021

State Street Corporation (NYSE:STT) today announced a quarterly cash dividend of $0.57 per share of common stock, payable on January 13, 2022 to common shareholders of record at the close of business on January 3, 2022.

Key Points: 
  • State Street Corporation (NYSE:STT) today announced a quarterly cash dividend of $0.57 per share of common stock, payable on January 13, 2022 to common shareholders of record at the close of business on January 3, 2022.
  • State Street Corporation (NYSE:STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading.
  • With $43.3 trillion in assets under custody and/or administration and $3.9 trillion* in assets under management as of September 30, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide.
  • SSGA FD and State Street Global Advisors are affiliated.

State Street Survey Finds Private Markets to Experience Significant Momentum in the Next Three to Five Years

Retrieved on: 
Thursday, December 16, 2021

However, there are significant barriers to investing in private markets.

Key Points: 
  • However, there are significant barriers to investing in private markets.
  • The survey found that data quality and standardization is a key barrier to increasing private markets allocations.
  • Sixty-eight of asset owners noted a significant opportunity cost to working with private markets data and want a higher quality data provisioning service.
  • The survey found that integration is a crucial element as managers address the data and operations concerns around private markets.