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State Street and the University of Massachusetts Amherst Announce New Career Development Program in Hadley, Mass

  State Street and the University of Massachusetts Amherst Announce New Career
  Development Program in Hadley, Mass

Eligible UMass students receive real-world workplace opportunities to
supplement traditional classroom learning

Business Wire

BOSTON & AMHERST, Mass. -- September 27, 2012

State Street Corporation (NYSE: STT) and the University of Massachusetts
Amherst today announced the creation of a new career development program that
creates skilled, part-time jobs for 100 students who will be based in a new
office in nearby Hadley, Mass.

The UMass Amherst students will join State Street in a part-time capacity
beginning this fall with responsibility for performing select back-office
functions and supporting business lines across the company. State Street has
opened a new office in Hadley to accommodate the student workers. The new
program is open to sophomore, junior and senior students.

“We’re pleased to welcome these students from UMass Amherst to State Street
and provide them with a unique opportunity to gain ‘real-world’ work
experience in the financial services industry,” said Alison Quirk, executive
vice president and chief human resources and citizenship officer at State
Street. “As one of the largest employers in Massachusetts, State Street has a
long-standing history of collaborating with many universities around Boston to
help foster the state’s economic development and expand the students’
readiness to enter the workforce. We are excited about this new opportunity
with UMass Amherst to further strengthen our ties with the Massachusetts
university system.”

This new program expands upon a strong history between State Street and the
University. In 2005, State Street established a strategic relationship with
the UMass system by launching the State Street Scholars Program. State Street
Scholars is a nine-month internship program tailored for students attending
the University of Massachusetts Boston.

“We are thrilled to be expanding our relationship with State Street with the
addition of this new program,” said Carol Barr, vice provost for undergraduate
and continuing education. “We pride ourselves on helping our students find
valuable career development programs, and a partnership such as this
complements their academic course load and campus experience. State Street is
a world-class organization that understands the value of investing in the next
generation workforce. Providing our students with the opportunity to work with
such an organization – in a location close to campus – will serve them well in
their post-college careers.”

About the University of Massachusetts Amherst

UMass Amherst, the flagship campus of the University of Massachusetts system,
is one of the nation's top public research universities with 25,000 students
studying in the scenic Pioneer Valley of Western Massachusetts, 90 miles from
Boston and 175 miles from New York City. The annual impact of UMass Amherst on
economic activity in Massachusetts is more than $1.4 billion. The Amherst
campus hasmore than 222,000living alumni, and more than 110,000 of them live
in the Commonwealth. www.umass.edu

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
$22.4 trillion in assets under custody and administration and $1.9* trillion
in assets under management at June 30, 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. $66 billion as
of June 30, 2012), for which State Street Global Markets, LLC, an affiliate of
State Street Global Advisors, serves as the distribution agent.

Note to Editor: B-Roll available upon request

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Contact:

State Street Corporation
Marie McGehee, +1 617-664-1898
or
University of Massachusetts Amherst
Ed Blaguszewski, +1 413-545-2554
 
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