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STT State Street Corporation

75.11
0.72 (0.97%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
State Street Corporation NYSE:STT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.72 0.97% 75.11 75.32 74.53 75.01 1,888,319 01:00:00

State Street Global Exchange™ to Provide Risk Management Services for Fiera Capital

05/01/2017 5:00pm

Business Wire


State Street (NYSE:STT)
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From May 2019 to May 2024

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State Street Corporation (NYSE:STT) today announced that it will provide daily risk, performance and attribution, liquidity measurement and reporting services for Fiera Capital Inc., the US division of Fiera Capital Corporation. Fiera is a global asset management firm with US $80 billion (over CAD $110 billion) in assets under management. The services will be delivered through truView®, State Street Global Exchange's multi-asset class enterprise risk management platform.

A recent State Street study, in partnership with the Alternative Investment Management Association, found that more than three-fifths of institutional investors, asset managers and hedge funds surveyed say current market liquidity conditions have impacted their investment management strategy, with nearly a third rating this impact as significant, and many are reassessing how they manage risk in their investment portfolios1.

“We are thrilled to be working with an entrepreneurial firm like Fiera Capital,” said Lou Maiuri, executive vice president and head of State Street’s Global Exchange and Global Markets businesses. “Now more than ever, institutional investors are looking for new and innovative tools to help them achieve their goals. We believe our technology, and liquidity and risk solutions make State Street well positioned to help support clients like Fiera Capital in our current economic environment, and we look forward to developing a long-term partnership.”

truView provides an online, end-to-end risk solution with broad multi-asset class coverage that includes data collection, exception handling and calculating of risk results. State Street recently enhanced the truView offering with Factor-Risk Modelling and Data from more than 4,000 ETFs to offer clients a more insightful view of how market forces may influence their portfolio.

About State Street

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 $29 trillion in assets under custody and administration and $2.4 trillion* in assets under management as of September 30, 2016, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.

* Assets under management were $2.4 trillion as of September 30, 2016. AUM reflects approx. $40 billion (as of September 30, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

Exp. Date: 12/31/17

CORP-2489

1 Research was made up of a quantitative survey conducted by Longitude Research, and qualitative interviews with key industry participants. A total of 300 respondents were surveyed, comprising 150 asset managers and 150 asset owners.

State Street CorporationJulie Kane, 617-664-3001jekane@statestreet.com@StateStreet

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