BOSTON--(BUSINESS WIRE)--As part of the publication of its latest study, A New Climate for Growth: Cultivating Asset Intelligence to Thrive1, State Street Corporation (NYSE: STT) today announced the launch of a new Growth Readiness benchmarking tool that enables users to measure their preparedness for future growth against their peers.
Built from data gathered in a 2017 global survey of more than 500 executive respondents within asset managers, institutional asset owners and insurance firms, users of the tool can assess their growth objectives, existing investment and operational capabilities and future strategies for growth. Users receive a customized set of scores and charts based on their responses, and a comparison with their peer group based on the survey. This peer group can be reflected on both a global and regional basis.
“Institutional investors’ growth strategies are being challenged like never before,” said Scott FitzGerald, global head of Sector Solutions for the Americas and Global Alternatives. “With an array of geopolitical events and continuous advancements in technology, there’s an ever-growing list of challenges to navigate. Within this environment, there’s a clear benefit in understanding how well-positioned you are versus your peers, which is why we are pleased to launch this new tool for the industry.”
Results from State Street’s study, released earlier this year, uncovered a lack of readiness for growth among institutional investors with two-thirds (66 percent) of the more than 500 global asset managers and asset owners surveyed saying it is becoming more challenging to achieve growth in the current market environment. Only a minority of respondents say they have the right strategy, operating model and technology infrastructure in place to reach their full growth potential given these conditions.
Clients looking to benchmark their growth readiness can access the benchmarking tool via, 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 Advisors Funds Distributors, LLC serves as marketing agent; State Street Global Advisors Funds Distributors, LLC and State Street Global Advisor are affiliated.
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