Welcome to CanadianHedgeWatch.com
Wednesday, December 8, 2021

STATE STREET CELEBRATES 20 YEARS IN CANADA


Date: Friday, September 24, 2010
Author: News Release

BOSTON AND TORONTO — September 23, 2010 — State Street Corporation (NYSE:STT), one of the world’s leading providers of financial services to institutional investors, today marked the 20th anniversary of its presence in Canada. 

Since opening its first office in Canada in 1990, State Street has grown its client base to more than 360 institutional investors. State Street is also one of the largest asset managers and a leading provider of investment services and trading and research solutions for Canadian institutional investors.

“As State Street celebrates 20 years in Canada, we reflect on our strong growth in the region, where we have, thanks to our clients, become one of the top financial services providers to institutional investors,” said Jay Hooley, president and chief executive officer of State Street Corporation, who presided over employee and client events in Toronto yesterday to mark the anniversary.  “Canada is an important market for State Street and our clients around the world and I am firmly committed to maintaining our position as a financial services leader in this market for years to come.”

State Street has celebrated many milestones in Canada over the last two decades. In 1991, the firm opened its second Canadian office in Montreal. In 1994, State Street began servicing its first Canadian mutual fund client, and a year later the firm established its trading and research business, State Street Global Markets. In 1997, State Street opened its Vancouver office.  In 2004, the firm launched the industry’s first Canadian cash collateral fund.

State Street is dedicated to serving the communities in which it does business and has contributed approximately $3.5 million to community organizations in Canada since launching its grant-making program there in 1998.

 

About State Street

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 $19 trillion in assets under custody and administration and $1.8 trillion in assets under management at June 30, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street at www.statestreet.com.