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State Street Achieves High Rankings in Two Client Satisfaction Surveys

^{Published on 2011-01-21 06:05:38 - Market Wire}
 

BOSTON--([ BUSINESS WIRE ])--State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, announced today that it has received top rankings in two surveys measuring client satisfaction with investment services.

"State Street has emerged from the economic crisis as a stronger organization, and the results in these industry surveys and the comments from respondents clearly reflect the significant impact of our continued investment in product development and employees"

State Street ranked No. 1 among institutional investors and No. 1 in Asia in Global Custodian magazinea™s annual Global Custody survey. In Global Investor/isf magazinea™s 2010 Beneficial Owners Survey on securities lending, State Street ranked No. 1 among custodians.

The annual Global Custodian survey polls fund managers and institutional investors on all aspects of custody service. Overall results were broken down into asset-size and geographic categories.

aState Street has emerged from the economic crisis as a stronger organization, and the results in these industrysurveys and the comments from respondents clearly reflect the significant impact of our continued investment in product development and employees,a said Joseph Antonellis, vice chairman of State Street. aWe are very pleased to be recognized again as a leading provider of custody services across multiple geographies and disciplines.a

Nick Bonn, executive vice president and head of State Streeta™s Securities Finance division, said aThe Global Investor/isf survey clearly demonstrates our clientsa™ satisfaction with the service and solutions we provide as well as our commitment to growth in Europe and Asia.a

The Global Investor/isf surveyasked beneficial owners to assess the performance of their securities lending agents across a range of service categories. In the geographic results, State Street finished No. 1 among custodians in North America, Europe and Asia Pacific.

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment management, investment research and trading and investment servicing. With $21.5 trillion in assets under custody and administration and $2 trillion in assets under management at December 31, 2010, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Streeta™s website at [ www.statestreet.com ].