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State Street Corporation is an American global [2] financial services and bank holding company headquartered at One Congress Street in Boston with operations worldwide. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792.
The State Street Global Advisors Trust Company serves as an trustee for SSGA's US unregistered collective and common trust funds, some SSGA sponsored ETFs including the SPDR S&P 500 ETF Trust, and separately managed accounts. [4] As a whole, SSBT is the principal operating company within its parent company State Street Corporation. [5]
State Street Corporation, a financial services holding company; the parent primarily focuses on servicing institutional investment clients State Street Bank and Trust Company , a subsidiary State Street Global Advisors , the investment management division of State Street Corporation
SSGA operates through State Street Global Advisors Trust Company, which is a subsidiary of State Street Bank and Trust Company. [ 4 ] The company services financial clients by creating and managing investment strategies for governments, corporations, endowments, non-profit foundations , corporate treasurers and CFOs, asset managers, financial ...
On October 22, 2009, it was announced that Logue would retire from State Street on March 1, 2010, [4] after almost two decades with the company and then continue to serve as non-executive chairman of State Street's board of directors for a transition period until January 1, 2011. [5]
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Deutsche Bank announced on November 5, 2002 that it would sell The Trust and Custody division of Bankers Trust to State Street Corporation. The sale finalized in February 2003. The sale finalized in February 2003.