State Street Corporation (NYSE: STT), announced today that it has been named 2013 Mutual Fund Administrator of the Year and 2013 Transfer Agent of the Year by Custody Risk magazine.
The Custody Risk Americas Awards (formerly ICFA magazine) recognize outstanding achievers in the securities services industry in both North and South America. The awards were announced in New York on April 18 and were judged by an independent panel of experts. State Street was named Outsourcing Provider of the Year in 2012.
“We are pleased to receive these awards from Custody Risk magazine,” said Alan Greene, executive vice president of US investment services and institutional investor services at State Street. “We are committed to providing clients with efficient solutions on a global basis and being recognized in these two servicing categories reaffirms that focus.”
State Street is the largest provider of mutual fund custody and accounting services in the US based on asset rankings published in the 2012 Mutual Fund Service Guide.
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 $25.4 trillion in assets under custody and administration and $2.2 trillion in assets under management at March 31, 2013, State Street operates in more than 100 geographic markets worldwide, including the U.S., Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.
This AUM includes the assets of the SPDR Gold Trust (approx. $62.7 billion as of March 31, 2013), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.