State Street Opens ‘Workplace of the Future’ in Boston’s Innovation District

  State Street Opens ‘Workplace of the Future’ in Boston’s Innovation District

New Facility Designed for the Needs of a Modern Workforce

Business Wire

BOSTON -- June 10, 2014

State Street Corporation (NYSE:STT) today announced the opening of its
building at One Channel Center in Boston. The new building consists of
workspace designed to support mobility and flexible work schedules, to promote
operational and technological efficiency and to encourage collaboration among

“The way ahead in financial services is highly dependent on attracting and
maintaining a talented, diverse and engaged workforce to build innovative
solutions for our clients, ” said Jay Hooley, chairman, president and CEO at
State Street. “Channel Center offers a unique opportunity to re-shape our
workplace environment to support these goals.”

The new building includes design elements and amenities that encourage
employees to use office space differently. Features of the new building

  *A multi-functional approach to rooms, including the cafeteria, conference
    rooms and collaboration rooms
  *Enhanced ergonomic support at workstations which include stand-up desks
    and fitted chairs
  *Centralized trash, shredding, composting and recycling
  *100 percent wireless to support mobility and flexible work schedules
  *Increased natural light in open space and white noise throughout the
  *LEED certified design for environmental sustainability
  *Fitness center in the building with locker rooms and showers
  *Access to green space, 130 bike racks for commuters and a Hubway location
    next door
  *Quiet rooms for nursing mothers
  *Meditation rooms for prayer and reflection

“State Street is a leader in employment and sustainable corporate practices
globally,” said Boston Mayor Martin J. Walsh. “I am pleased that State Street
has maintained its commitment to its headquarters in Boston, and has made a
significant investment in the construction of a state of the art building on
the growing South Boston Waterfront."

The Channel Center building has capacity for more than 3,500 employees to
support State Street’s mobile and flexible workforce. Ten percent of the
Channel Center consists of unassigned workspaces with video and audio
conferencing capabilities to encourage communication and idea sharing with
virtual teams. The building is leased by State Street and was planned for in
advance of the expiration of leases in four buildings in downtown Boston in

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
$27.5 trillion in assets under custody and administration and $2.4 trillion*
in assets under management as of March 31, 2014, 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

* Assets under management include the assets of the SPDR®[®] Gold ETF
(approximately $34 billion as of March 31, 2014), for which State Street
Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.



State Street Corporation
Elizabeth Bartlett, +1 617-662-2903
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