State Street outlines new approach for its biggest clients
State Street has highlighted its upcoming execution priorities, the formation of a new pricing committee, and how it will expand its asset servicing business.
Tag: State Street
State Street lets go four senior executives across waning securities finance business
The securities finance division was one of the worst performing business units for State Street in 2018.
Northern Trust’s custody results round off poor end-of-year for US banks
The results are in line with the bank’s US competitors, as the mass sell-off in equity markets hit custody assets.
New Boston HQ planned for State Street
New CEO Ron O’Hanley makes second big move in his first month in the role by outlining new HQ plans for custodian in 2023.
State Street hires industry veteran and GC Legend Chakar as head of global markets
Long-serving BNY Mellon executive with three decades of asset management experience joins State Street for second spell.
Custody
Landmark BNP Paribas fund administration deal with DWS falls through
Deal announced in June 2018 halts after joint decision not to move forward.
New State Street chief points to industry headwinds as asset servicing revenues underperform
Assets under custody fall for State Street as do servicing revenues.
State Street to cut 1,500 jobs and reduce senior management numbers
New State Street CEO begins the year by announcing job cuts in earnings release.
Buy-side prefer front-to-back solution from tech vendors rather than custodians, finds survey
A number of custodians and fund administrators have targeted the front-office as a new growth opportunity and expand from its traditional back-office services model.
State Street promotes 25-year veteran to lead Asia-Pacific business
Ian Martin will continue his current responsibilities of leading State Street’s global services business in the region.