state street corp (STT) Key Developments
Department of Finance Canada Selects State Street Corporation for the Department of Finance Canada
Sep 24 15
State Street Corporation announced that it has been selected by the Department of Finance Canada to act as collateral manager and custodian for the Government of Canada’s currency swap program.
State Street Global Exchange Presents at Investment Week, Fund Management Summit 2015, Oct-07-2015 through Oct-08-2015
Sep 24 15
State Street Global Exchange Presents at Investment Week, Fund Management Summit 2015, Oct-07-2015 through Oct-08-2015. Venue: Marriott Grosvenor Square, London W1K 6JP, United Kingdom. Presentation Date & Speakers: Oct-08-2015, James Lowry, Senior Vice President- Chief Operating Officer.
State Street Corporation Announces Launch of the State Street Liquid Private Equity Investable Index
Sep 23 15
State Street Corporation announced the launch of the State Street Liquid Private Equity Investable Index, a new solution that provides public access to private equity sector exposures. The model is intended to be used as a liquid proxy for direct private equity investment and is the first in a series of investable indices. The index was developed from research generated by State Street’s academic partnership, State Street Associates, which suggests that private equity managers collectively outperform the public equity markets in part by anticipating the relative performance of economic sectors. Based on this evidence, the model identifies private equity sector exposures utilizing the proprietary State Street GX Private Equity Index (SSPEI), which consists of more than 2,400 private equity funds representing more than $2.2 trillion in capital commitments. The SSPEI sources data from actual Limited Partner (LP) records, with historical global daily cash flow data back to 1980. For asset owners, the index provides a liquid means to increase or decrease effective private equity exposure and also provides interim exposure that can potentially reduce cash drag on performance while preserving liquidity to meet capital calls. For asset managers, the index provides access to a liquid return stream similar to private equity and satisfies private equity asset allocation requirements without the traditional impediments of illiquidity, lack of investment transparency, layered fee structures and large minimum investments. The index is currently available for licensing in the United States and Australia, with subsequent launches to follow in the United Kingdom, Singapore, Switzerland and Canada.
State Street Corporation Appoints Colin Zhong as Head of Global Markets Sales & Trading and Research, Asia Pacific Region
Sep 23 15
State Street Corporation announced the appointment of Colin Zhong as head of Global Markets Sales & Trading and Research for the Asia Pacific (APAC) region, based in Hong Kong. Zhong will be responsible for developing and implementing the regional strategy for the Sales & Trading and Research business. Prior to joining State Street, Zhong held senior roles at UBS and Deutsche, specializing in currency and fixed income rates products in locations including Hong Kong, Singapore, Taiwan and New York.
State Street Corporation Announces Executive Changes
Sep 23 15
State Street Corporation announced the appointment of Mark England to the role of senior vice president and head of Asset Manager Sector Sales for Asia, based in Hong Kong. In his new role, England is responsible for further developing and executing State Street's sales strategy for the asset management sector in the region. He reports to Kevin Wong, head of Sector Solutions for Asia Pacific. England joins State Street from Citibank, where he was most recently head of Asset Manager Sales for the Investor Services Group. He has more than 17 years of industry experience, having held positions in sales, implementation and operations functions in the Americas, Asia and Europe. England assumes this role from Paul Khoury, senior vice president, who was appointed head of State Street Global Services for Australia and New Zealand in June.