BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has been named as the overall top-rated global custodian for the second year in a row by Global Investor/ISF Magazine’s 2017 Global Custody Survey.
The Global Investor/ISF Global Custody Survey invited institutional investors including banks, asset managers and asset owners to rate their custody service provider across 16 service categories. State Street was a standout performer among its peers, achieving the highest global average score compared with six other major organizations.
Additionally, when only taking into consideration respondents that used multiple custodians, State Street had the top scores in the weighted table in EMEA, the Americas and Asia Pacific, leading the way in global total and global average scores.
State Street also scored high rankings in individual service categories, winning the top ranking in all 13 of the weighted categories in which it qualified: cash management, class actions, client services, corporate actions, foreign exchange services, fund accounting quality, income collections, industry knowledge, network, relationship management, reporting and safety of client assets and settlements.
“Client service is at the heart of who we are as an organization,” said Andrew Erickson, executive vice president and head of investment servicing, Americas. “To be named top global custodian for the second year in a row is a reminder of the commitment we have made to ensure our clients are benefiting from our talent and technology. We are proud of and honored by this recognition.”
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 providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $31.0 trillion in assets under custody and administration and $2.60 trillion* in assets under management as of June 30, 2017, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.
* AUM reflects approx. $34 billion (as of June 30, 2017) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.
All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for decisions based on such information and it should not be relied on as such.
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