BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that it has appointed Steve Cook, an Exchange Trade Fund (ETF) industry expert, and mutual fund industry veteran to serve as senior vice president within its US Investment Services business. Cook joined State Street in late April reporting to Tom Forrester, senior vice president for State Street’s Investors Services Americas team.
“We are very pleased to welcome Steve to State Street,” said Forrester. “He has a rich knowledge of complex fund structures, and will provide immediate value to our clients. As ETFs continue to gain traction in the market, we are committed to providing clients the highest levels of insight and support. Steve’s appointment is a testament to that commitment.”
Cook will oversee a broad range of relationships with clients operating diverse fund structures in the US and globally. He previously spent 20 years at BNY Mellon, serving most recently as head of structured products services business, which comprised the firm’s ETF business globally and the Unit Investment Trust and Closed End Funds services business in the US.
State Street recently announced that global ETF assets under its administration have exceeded US$2 trillion globally,1 representing more than 55 percent of the ETF and ETP market2.
About State Street Corporation
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $29.83 trillion in assets under custody and administration and over $2 trillion* in assets under management as of March 31, 2017, State Street operates globally in more than 100 geographic markets and employs 34,817 worldwide. For more information, visit State Street's website at www.statestreet.com.
* Assets under management were $2.56 trillion as of March 31, 2017. AUM reflects approximately $33.30 billion (as of March 31, 2017) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.
State Street Corporation One Lincoln Street, Boston, MA 02111-2900.
© 2017 State Street Corporation - All Rights Reserved
1 State Street Global Services Worldwide ETF Servicing Report
2 ETFGI Global ETF and ETP January 2017 report