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State Street Bank and Trust Company (SSBT), commonly known as State Street Global Services, is a subsidiary of State Street Corporation organized as a trust company based in Massachusetts. The company is the largest custodian bank in the world and specializes in providing institutional investors , such as mutual funds , with clearing ...
In 1995, State Street acquired Investors Fiduciary Trust of Kansas City for $162 million from DST Systems and Kemper Financial Services. [22] [23] In 1996, Bank of New York acquired the unit investment trust servicing business of Investors Fiduciary Trust Co., Kansas City, Mo. [24] In 1997, State Street setup its office in Singapore. [25]
Investors Bank & Trust (IBT) was an American custodian bank, and the principal operating subsidiary of Investors Financial Services Corp., a holding company based in Boston, Massachusetts. First founded in 1969 as an offshoot of Eaton Vance , the company was purchased by State Street Corporation in 2007 as an all-stock deal valued at nearly $4. ...
About State Street Corporation. State Street Corporation (NYS: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing ...
Leon Sinclair, Preqin's executive vice president, argued that with the number of public companies dwindling, it's imperative for mass-affluent investors to get better access to private markets.
State Street Global Advisors, the asset management division of State Street Corporation, was founded in 1978 [6] in Boston, Massachusetts. Its first three products were a domestic index fund , an international index fund (based on the MSCI EAFE index), and a short-term investment fund . [ 7 ]
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