State Street says it is improving its portfolio performance and analytics capabilities for institutional investors, adding functionality that will allow them to evaluate the corporate governance attributes of their investment portfolios.
Governance Metrics International (GMI), which provides corporate governance research and reporting, will provide State Street with governance ratings for thousands of investment securities. The bank will use the rankings to enhance its proprietary performance analysis and reporting services. The Boston-based bank says GMI is only the first of multiple sources to be made available within State Street’s corporate governance analysis service.
“We are very excited to be including the GMI data in our analytical offering,” says Richard Galligan, senior vice president and head of State Street’s analytics team. “The GMI data provides our clients with valuable information to help them detect and mitigate risk more comprehensively. Recent industry surveys show that organizations are taking the corporate governance concern seriously, and have increased their efforts to find new ways to evaluate their portfolios. State Street has been at the vanguard of delivering innovative value added solutions for its customers. From technology innovation to providing counsel as our customers navigate the changing regulatory environment, we remain at the forefront of the industry. Now, more than ever, investors are demanding more transparency and information to make informed investment decisions. State Street is well positioned to meet this need, offering the most comprehensive services in the industry.”
State Street’s corporate governance service aims to enable clients to analyze their portfolio investment profile based on the governance rankings of their securities, relative to benchmarks and in comparison to peer portfolios.