State Street Corp. (NYSE: STT)--State Street Recognized by Global Investor/ISF Magazine--5/7/2019.
Boston, July 5, 2019--State Street Corporation (NYSE: STT), today announced that it has been recognized as a standout performer among its peers, achieving the highest global average score of 6.42 in the Best Weighted Lender Category for the Global Investor Group/ISF Magazine 2019 Beneficial Owners Survey.
This year, the global survey invited 104 beneficial owners, comprising large asset managers, mutual fund managers and pension funds as well as central banks, insurance companies and corporations, to rate the performance of their key lending suppliers, asking them to break-down performance by region and function.
Additionally, State Street achieved the highest scores in the Best Weighted and the Best Unweighted Lender categories in Asia-Pacific improving on their average scores year on year. In the All Lenders weighted list, State Street was ranked joint-top in engagement in corporate actions and was ranked second for lending program parameter management, reporting transparency, risk management, and settlement and responsiveness.
"Securities lending plays a significant role in today's global capital markets and with an increasing focus on fees and performance, it's more important than ever to be a strategic partner to our clients," said Francesco Squillacioti, Global Head of Client Management for Securities Finance. "The improvements in this year's rankings are testament to our singular focus on delivering for our clients. As one of the longest-running and largest securities lending providers in the industry, we are very proud of this recognition and look forward to building on our strong market position across the three regions."
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||Media Releases|
|Publication:||United States Banking|
|Date:||Jul 9, 2019|
|Next Article:||State Street Corp. (NYSE: STT)--State Street Celebrates 10 Year Anniversary of UK PRIDE and Friends Employee Network--5/7/2019.|