BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has been named as the overall top-rated global custodian in Global Investor/isf magazine’s 2014 Global Custody Survey.
The Global Investor/isf Global Custody Survey asked more than 330 asset managers, asset owners and banks to rate their global custodians across seventeen service categories. According to the survey, State Street was a standout performer among its peers, achieving the highest overall global custody ranking.
State Street secured the top position in the weighted service category tables. It won the top ranking in all nine categories in which it qualified, including income collections, corporate actions, settlement services, client services, foreign exchange services, industry knowledge, network and relationship management and reporting.
“We are delighted to be recognized as a top global custodian by Global Investor/isf,” said Joe Antonellis, vice chairman at State Street. “We strive to put our clients at the center of everything we do and the results of this survey clearly reinforce that commitment.”
State Street provides a range of investment servicing solutions such as custody, fund accounting, performance and analytics, and client reporting to a broad array of institutional investors globally.
For full results of the survey please click here.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $27.5 trillion in assets under custody and administration and $2.4 trillion* in assets under management as of March 31, 2014, State Street operates in more than 100 geographic markets worldwide, including the U.S., Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold ETF (approximately $34 billion as of March 31, 2014), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.