Clients Rank State Street No. 1 Globally for Securities Lending Among Custodians in Satisfaction Survey
Named by the majority of respondents in Global Investor/isf as most innovative securities lending provider of the year
BOSTON--(BUSINESS WIRE)-- Clients ranked State Street (NYS: STT) No. 1 globally among custodians in Global Investor/isf magazine's 2012 Beneficial Owners Survey on securities lending. The majority of respondents named State Street as the most innovative provider of the year.
The Global Investor/isf survey asked beneficial owners to assess the performance of their securities lending agents across a range of service categories. State Street finished first among custodians, topping the weighted regional table for the Americas, EMEA and Asia Pacific.
"Respondents said State Street had the ability to create bespoke programs, demonstrated good performance in utilization, proven its financial stability and praised its advanced reporting roll-out," the survey editors reported. One respondent quoted in the survey said, "[State Street] provides opportunities due to its size of portfolio versus other providers." Another respondent noted, "We have forged a stronger partnership with the account relationship and sales team to manage our program and address more creative ways to manage our program through changing markets."
"We are honored that our clients see State Street as a leading provider of securities lending services globally," said Nick Bonn, executive vice president and head of State Street's Securities Finance division. "The Global Investor/isf survey clearly demonstrates our clients' satisfaction with our consultative approach, expertise in local markets and ability to help them manage their securities lending program in an uncertain and risk-averse environment."
About State Street
State Street Corporation (NYS: 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 $24.4 trillion in assets under custody and administration and $2.1 trillion in assets under management at December 31, 2012, State Street operates in 29 countries and more than 100 geographic markets. For more information, visit State Street's web site at www.statestreet.com.
This AUM includes the assets of the SPDR Gold Trust (approx. $72.2 billion as of December 31, 2012), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.
Anne McNally, +1-617-664-8576
KEYWORDS: United States North America Massachusetts
The article Clients Rank State Street No. 1 Globally for Securities Lending Among Custodians in Satisfaction Survey originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.