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
The securities finance division was one of the worst performing business units for State Street in 2018.
The results are in line with the bank’s US competitors, as the mass sell-off in equity markets hit custody assets.
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.
Long-serving BNY Mellon executive with three decades of asset management experience joins State Street for second spell.
Deal announced in June 2018 halts after joint decision not to move forward.
Assets under custody fall for State Street as do servicing revenues.
New State Street CEO begins the year by announcing job cuts in earnings release.
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.
Ian Martin will continue his current responsibilities of leading State Street’s global services business in the region.