STATE STREET


© JLG Enterprises 1998-2009

Mandates People Deals Outsourcing Headlines

 

Mandates

CLIENT LOCATION SERVICES LOCAL CURRENCY VALUE (millions)
2008      
Pension Protection Fund UK RM GBP2,000
Sun Life of Canada (UK) UK GC, FA, FP, CO, PA, RR, CT, DP USD15,000
Lazard Asset Management US IO USD134,000
Municipal Employees’ Retirement System of Michigan US GC, IA, PA, SL, CM, CO USD6,000
Rensburg Fund Management UK GC, FA GBP1,000
ScotiaBank Canada GC, FA, IA, TA N/A
Fifth Third Funds US GC, FA, SL, TA USD13,000
Pearl Group UK GC, TP, DP, TS, TA, TM, FA, SL GBP25,500
Columbia Management US GC, FA, IA USD20,000
Scottish Widows Investment Partnership UK CA N/A
2007      
Royal Cosun Netherlands GC, IA, RR, PA EUR620
NGS Super Australia GC, FP, FR, PA, CO, RR AUD3,000
Abu Dhabi Investment Company Ireland GC, FA, TA N/A
Lucida plc UK GC, SL, IA, PA, TM, CO N/A
National Pension Service Korea GC, SL, FA, CO, PA N/A
Trilogy Global Advisors Ireland GC, FA, TA, TS N/A
Workers Compensation Nominal Insurer of New South Wales Australia GC, IA, PA, FR, CO AUD12,000
Baron Funds US GC, FA 18,000
Somerfield Pension Scheme UK GC, FA, PA GBP300
HSBC Investments UK CT N/A
Paternoster UK CT N/A
China Life CHINA GC, FA, FX, PA, CO N/A
Rolls Royce & Bentley Pension Fund UK GC, FA, CO, PA GBP450
British Medical Association Pension Scheme UK GC, IA, PA GBP140
London Borough of Tower Hamlets Pension Fund UK GC, FA GBP240
Ockham Pension Scheme UK GC, FA GBP70
PONL Pension Scheme UK GC GBP50
Suffolk County Council UK SL USD2,400
Putnam Investments US GC, FA, IO USD169,000
NM Rothschild Pension Fund UK GC, IA, SL USD650
2006      
John Hancock US GC, SL, FA USD15,000
Hartford Life Ltd UK FA, FP N/A
The Hoover (1987) Pension Scheme UK GC, CO GBP230
Milk Pension Fund UK GC GBP280
Dumfries & Galloway Council Pension Fund UK GC GBP80
Massey Ferguson Works Pension Trust Limited UK GC GBP55
Procter & Gamble Ireland Pension Plan IRE GC, FA, PA N/A
AXA Investment Managers EUR GC, FA, TA, CO, FR EUR20,000
Saskatchewan Teachers’ Superannuation Commission CAN GC, IA, SL, CO CAD1,700
NexGen Financial CAN GC, FA, TA N/A
Calamos Investments US FA USD29,800
Oxford Investment Partners IRE GC, FA, TA GBP100
Virgin Money UK GC, FA, TA, FP GBP2,600
Amlin UK GC, IA, PA, CO, DC GBP2,200
CIMB MAL GC, FA N/A
IKANO Fund Management LUX SL EUR3,800
Paternoster UK GC, SL N/A
TIAA-CREF US SL USD190,000
Evergreen Investments US IO USD150,000
ACE EUR SL USD3,000
2005      
Profuturo GNP MEX GC, IA N/A
ChevronTexaco Corp. EUR GC, IA, SL, PA $2,000
Midwest Medical US IA $250
Brandywine Asset Management US IA, PA, CR N/A
Columbia Management US GC, FA, RR, TA 224,000
Merseyside Pension Fund UK GC, SL, CM, FX, PA 6,000
West Sussex County Council Pension Fund UK GC, PA GBP740
AMEC Staff & Executive Pension Schemes UK GC, IA, CM, FX GBP950
Pension Protection Fund UK GC, FA, TM, CM, PA N/A
Den Norske Krigsforsikring NOR GC, IA, FX, PA, CO USD250
Rhondda Cynon Taf Borough Council Superannuation Fund UK GC, PA GBP350
London Borough of Lambeth Superannuation Fund UK GC, FA, RE, PA GBP115
London Borough of Barking & Dagenham Superannuation Fund UK GC, IA, TM, PA GBP415
London Borough of Waltham Forest Pension Fund UK GC, IA, PA GBP240
Banco de Guatemala GUA GC, IA, PA USD3,300
Charles Schwab Investment Management US GC, FA, SL USD140,000
California State Automobile Association US GC, IA USD4,000
First Eagle Funds US GC USD27,000
IndependentAge UK GC, FA USD220
2004      
DS Smith Group Pension Scheme UK   EUR800
Aventis Pension Trust DE   $2,300
St James's Place UK   N/A
Lufthansa DE   N/A
ABN AMRO Asset Management EUR   EUR75,000
Deutsche Asset Management UK   N/A
Investec Asset Management UK/SA   $34,000
Weir Group Pension Scheme UK   GBP400
Medical Protection Society UK   GBP460
Allianz Dresdner Asset Management DE/US   $100,000
London Borough of Havering UK   GBP250
Illinois State Board of Investment US   $10,400
MetLife US   N/A
Clore Duffield Foundation UK   GBP63
Symetra Financial US   $20,000
Overseas Assurance Corp. SING   $2,000
Government of Singapore Investment Corp. US/CAN   N/A
2003      
Tate & Lyle Pension Scheme UK   GBP600
Swiss Life Asset Management BEL   N/A
Deutsche Asset Management DEU   €350,000
Deutscher Ring Versicherungen DEU   N/A
Ohio Public Employees Retirement System US   N/A
Texas Municipal Retirement System US   8,000
Schroders UK   GBP11,000
Phoenix Life US   N/A
Aon Asset Management IRE   GBP300
Scudder Investments US   $135,000
Hong Kong Electric HK   $300
Retirement Systems of Alabama US   $24,000
Berea College US   $700
Evli Bank FIN   N/A
2002      
Met Investors Series Trust US   USD2,500
Credit Suisse Funds US   N/A
ING Funds US   18,000
Seligman US   25,000
North Carolina Dept. of State Treasurer US   65,000
Minnesota State Board of Investment US   41,000
State of Hawaii US   8,000
Second Swedish National Pension Fund SWE   14,000
Nuveen Investments US   45,000
Assante Asset Management CAN   CAD4,100
Columbia Management Group US   18,000
Teacher Retirement System of Texas US   80,000
Pension Fund for State Employees ICE   N/A
Alberta Revenue CAN   22,000
ClaringtonFunds CAN   CAD3,000
2001      
Merrill Lynch Investment Managers CAN   CAD4,700
NYSTRS US   USD80,000
Philips Pensionfund NL   EUR15,000
ABP Global   USD21,000
Sverige Pensionsstiftelse SWE   USD74
ACE Asset Management US   USD13,000
Dallas Area Rapid Transit Authority US   USD120
Government Employees Pension Fund SA   ZAR230,000
2000      
Aberdeen Asset Management UK   USD11,500
Royal London UTM UK   GBP800
PIMCO US   TBA
Lazard Investment Funds UK   GBP1,200
Scottish Widows UK   GBP90,000
Liberty Financial US   USD39,000
1999      
ScottishPower Pension Scheme UK   GBP1,800
Ontario Teachers' Pension Scheme Canada   CAD55,000
Aetna Life Insurance US   USD19,000
Bass Pension Plans UK   GBP2,000
Murray Johnstone UK   GBP200
Cisco Systems US   USD9,000
US Airways US   USD3,600

People

  DATE FROM JOB TITLE LOCATION
Stephen Ellis November 2008 Credit Union of Central Ontario COO, IFDS Canada
Gunjan Kedia October 2008 BNY Mellon EVP, US investment servicing US
David Puth August 2008 Eriska Group Global head of investment research, securities finance and trading US
Jim Clark June 2008 JPMorgan MD, State Street Trustees UK
Alan Nedergaard March 2008 Northern Trust Nordic sales manager NL
Mark Doherty March 2008 Northern Trust VP, institutional investor sales US
Michael Pettit March 2008 Northern Trust VP, client management US
David Moffat January 2008 Money Portal UK business development group executive, IFDS UK
Caroline Carmichael November 2007 BBH SVP, relationship management US
Christopher Perretta September 2007 GE Commercial Finance Chief information officer US
Mark Westwell July 2007 BNY Sales and relationship management UK
Thomas Eichenberger June 2007 BNY Director, investor services business development US
Kevin Sullivan April 2007 Eagle Systems SVP, derivatives processing US
Neil Wright April 2007 Citigroup SVP, derivatives processing US
Catherine Williams March 2007 Northern Trust Institutional investor sales US
Bill Pryor February 2007 Mellon Head of performance and analytics US
Jack Klinck November 2006 Mellon Head of global investment product services US
Cassie Martin October 2006 Wellington Management Sales and RM, transition management UK
Virginia Meany September 2006 JPMorgan SVP, North American investor services US
Steve Wisson October 2005 AXA Investment Managers Head of client integration, outsourcing UK
John Menard August 2005 Northern Trust Institutional investor sales US
Rebecca Schechter February 2005 Thomson Financial MD, product strategy & development, global markets US
Douglas Mehne February 2005 Finaplex MD, Global Link sales & client service US
Charles Cohen August 2004 Thomas Murray Pension fund sales UK
Toby Goold July 2004 Morgan Stanley Asset Management Transition management UK
Paul McGee July 2004 BGI Transition management UK
Paolo Crozzoli June 2004 PFPC VP, sales Luxembourg
Wade McDonald May 2004 JPMorgan Head of client services UK
Gavin Nangle April 2004 Goldman Sachs AM Head of sales Ireland
Jim Clark March 2004 IFDS Head of sales & marketing Luxembourg
Tony Phillips December 2003 Xerox Head of consultant relationships UK
Jerry Neudegg November 2003 JPMorgan Head of PF accounting UK
Jon Wrigley August 2003 Mellon Head of UK tax UK
Vincent Lepore March 2003 ING Wealth manager services US
Dick Feehan September 2002 Lehman Brothers Sales consultant UK
Paul Chapman July 2002 Pershing Head, UK investor services relationship management UK
Farnaz Milani May 2002 Bank of New York VP, offshore sales UK
Jessica Hynes April 2002 JPMorgan Pension fund sales UK
Kevin Jones August 2000 Bankers Trust Head of St Louis office US
Norine Flaherty August 2000 Boatmen's Trust Institutional trust US
Claire Douglass August 2000 Boatmen's Trust Institutional trust US
David Dahm August 2000 Boatmen's Trust Institutional trust US
Wilson Leech February 2000 BNY Head of UK asset servicing ops. UK
Michael Short January 1999 RBS Trust Bank Head of fund services UK

Deals

DATE COUNTERPARTIES DEAL PRICE
SEP 08 IFDS Percana Minority stake in Percana N/D
JUN 08 State Street SSISearch Acquisition of SSISearch N/A
MAY 08 State Street Deutsche Bank Acquisition of DB's Swiss fund administration business N/D
MAR 08 State Street FinancialSockets Acquisition of FinancialSockets N/D
AUG 07 State Street Palmeri Fund Administrators Acquisition of PFA N/D
FEB 07 State Street Investors Financial Acquisition of IFIN USD4.5bn
JAN 07 State Street Currenex Acquisition by State Street USD564m
JAN 06 State Street UniverseSoft Technology Company Acquisition by State Street N/A
JUN 05 State Street Northeast Retirement Services Acquisition of interest in NRS by State Street N/A
MAY 05 State Street Data Explorers Marketing of Performance Explorer to State Street's clients N/A
NOV 02 IFDS Cofunds Strategic investment by IFDS N/D
NOV 02 State Street Deutsche Bank Acquisition of Deutsche's global securities services unit Up to $1.5bn
JUL 02 State Street International Fund Services Acquisition of IFS N/D
MAY 01 State Street DST Systems Acquisition of DST's portfolio accounting service business N/D
FEB 01 State Street Korea Exchange Bank Joint venture to provide a full range of fund administration services to South Korean investment funds as well as global investment firms that offer mutual funds in South Korea N/D
JUN 00 State Street Industrial & Commercial Bank of China Strategic alliance N/D
DEC 99 Citigroup State Street Formation of joint venture, CitiStreet, to deliver pensions and employee servicing products N/D
SEP 99 State Street Wachovia Bank Acquisition of Wachovia's institutional trust and custody businesses N/D
JUL 99 State Street Lloyds TSB Exit of Lloyds from custody business and recommendation to transfer clients to State Street N/D
JUL 99 State Street Development Bank of Singapore Alliance for unit trust services in Singapore N/D
MAY 99 Citizens Financial State Street Acquisition of State Street's commercial banking business N/D
MAR 99 State Street Elkins/McSherry Acquisition of Elkins N/D

Outsourcing

CLIENT DATE LOCATION SERVICES
Lazard Asset Management 2008 US Investment operations
Putnam Investments 2007 US Investment operations

Evergreen Investments

2006 US

Investment operations

Brandywine Asset Management

2005 US

Managed accounts administration

ABN AMRO Asset Management

2004 EUR

Investment operations

Investec Asset Management

2004 UK/SA

Institutional fund administration

Allianz Dresdner Asset Management

2004

DE/US

Investment operations

Govt of Singapore Investment Corp.

2004 US/CAN

Investment operations

AXA Investment Managers

2004 UK/DE/FR

Investment operations

Swiss Life Asset Management

2003 BEL

Investment operations

Seligman 2002 US

Investment operations

PIMCO 2000 US

Investment operations

Scottish Widows Investment Partnership

2000 UK

Investment operations

Headlines

2008

19DEC08: IFDS wins Canadian mandate

09DEC08: State Street adds risk services to PPF deal

09DEC08: Old Mutual outsources UK TA to IFDS

04DEC08: State Street to cut 6pct of workforce

24NOV08: IFDS hires Stephen Ellis as Canadian COO

16OCT08: State Street reports strong third-quarter operating performance

08OCT08: State Street confirms appointment of Gunjan Kedia

08OCT08: Richard Barrett joins IFDS to run client admin

19SEP08: IFDS buys stake in Percana

28AUG08: Investec hands GBP3.5bn TA mandate to RBC Dexia

28AUG08: State Street opens Middle East office in Doha

27AUG08: State Street reaches USD100bn in PEq assets under administration

22AUG08: State Street launches OTC derivatives processing platform

21AUG08: David Puth joins State Street as global head of investment research, securities finance and trading

07AUG08: Sun Life of Canada appoints State Street for USD15bn UK mandate

06AUG08: IFDS signs outsourcing deal for Norwich Union's collective funds

01AUG08: Lazard outsources investment operations to State Street

03JUL08: Michael Wu leaves State Street to join Northern in Beijing

23JUN08: John Sin joins BNY Mellon in Asia

19JUN08: Jim Clark returns to State Street from JPMorgan

11JUN08: State Street consolidates alternative servicing businesses

03JUN08: IFDS launches ACD fund hosting service

02JUN08: State Street buys SSISearch

22MAY08: Stan Shelton retires from State Street

12MAY08: State Street buys Deutsche Bank's Swiss fund accounting business

12MAY08: State Street signs for major processing centre in Poland

01MAY08: Jay Hooley appointed as president and COO of State Street

10APR08: State Street adds Michigan Employees to public fund client roster

08APR08: Miskovic takes up new risk role at State Street

26MAR08: Hudson-Lund steps up to CEO at IFDS

26MAR08: State Street and IFDS win servicing contracts for Rensburg's UK unit trusts

13MAR08: Nedergaard quits Northern to run Nordic sales at State Street

13MAR08: State Street acquires FinancialSockets

06MAR08: State Street hires two from Northern for US public funds team

03MAR08: State Street expands relationship with ScotiaBank

07FEB08: State Street and Boston Financial win Fifth Third funds servicing mandate

30JAN08: State Street wins USD50bn mandate from UK's Pearl Group

29JAN08: State Street wins additional USD20bn of Columbia funds

25JAN08: State Street appoints David Gutschenritter as treasurer

24JAN08: State Street to run commission sharing agreements for SWIP

16JAN08: State Street profits from fixed-income volatility

11JAN08: David Moffat joins IFDS to lead UK business development

03JAN08: Bill Hunt leaves SSgA as State Street takes USD279m charge
2007

28NOV07: State Street wins middle-market Dutch pension fund mandate

19NOV07: State Street hires Caroline Carmichael from BBH

18OCT07: Australia's NGS Super appoints State Street for investment servicing

08OCT07: State Street appoints Stefan Corthouts for European sec lending sales

26SEP07: State Street hires Chris Perretta as chief information officer

20SEP07: State Street wins servicing mandate for ADIC's offshore funds

20SEP07: State Street aligns performance and analytics under Bill Pryor

18SEP07: State Street extends bulk annuities servicing market share

06SEP07: Steve Smit appointed as head of State Street's investor servicing businesses in Canada

15AUG07: State Street appoints Nick Wright as COO of UKMEA investor servicing businesses

10AUG07: State Street buys private equity specialist Palmeri

03AUG07: State Street and BNY Mellon win mandates from Korea's National Pension Service

30JUL07: State Street expands relationship with Trilogy

18JUL07: State Street reports record earnings

17JUL07: State Street wins USD10bn Australian public fund mandate

13JUL07: State Street wins USD18bn Baron mutual fund mandate

10JUL07: Cherecwich joins Northern Trust as strategy and product chief

04JUL07: Westwell quits BNY to join State Street

03JUL07: BNY Mellon goes live as State Street completes acquisition of IFIN

22JUN07: IFIN stockholders approve acquisition by State Street

11JUN07: State Street hires Eichenberger from BNY for US sales role

07JUN07: State Street appointed by Somerfield Pension Scheme

11MAY07: State Street to provide collateral management for HSBC Investments

01MAY07: State Street appoints two senior derivatives specialists

12APR07: Paternoster expands relationship with State Street

29MAR07: State Street wins asset servicing mandate for China Life

28MAR07: Cherecwich set to join Northern Trust in senior strategic role

06MAR07: State Street appoints Michael Walsh as MD for UK, Middle East and Africa

06MAR07: Jim Clark quits State Street to head EMEA transfer agency for JPMorgan

27FEB07: State Street claims five small UK pension fund mandates

20FEB07: Suffolk CC appoints State Street for securities lending

15FEB07: Bill Pryor quits Mellon to run performance and analytics for State Street

13FEB07: Putnam consolidates investment operations with State Street

05FEB07: State Street to acquire Investors Financial for USD4.5bn

30JAN07: NM Rothschild Pension Fund appoints State Street for investor services

23JAN07: State Street pays USD564m for Currenex

2006

27DEC06: State Street adds three directors, creates three vice chairmen

18DEC06: Ed O'Brien leaves State Street

22NOV06: BNY hires Frances Barney from State Street for senior risk services role

02NOV06: Jack Klinck quits Mellon to take up senior product role with State Street

01NOV06: ACE appoints State Street for European securities lending

27OCT06: Peter Baker relocates to Singapore to run State Street's Asia Pacific investor services business

24OCT06: State Street wins USD150bn outsourcing mandate from Evergreen

18OCT06: State Street wins expanded lending mandate for TIAA-CREF

17OCT06: BISYS Fund Services hires Quinn and Rezabek

04OCT06: State Street to service Paternoster

03OCT06: Cassie Martin joins State Street's EMEA transition management team

28SEP06: State Street wins lending mandate from IKANO

22SEP06: CIMB appoints State Street to service first ASEAN ETF

18SEP06: RBC Dexia appoints Conlon Chen as HK deputy MD

18SEP06: Virginia Meany leaves JPMorgan to take up senior role with State Street

06SEP06: State Street wins Amlin investment servicing mandate

08AUG06: Virgin Money appoints State Street for integrated asset management and servicing

21JUL06: State Street wins admin mandate for Oxford Investment Partners

19JUL06: State Street reports strong second quarter

14JUL06: O'Neill takes expanded role for State Street in UK

27JUN06: Chong Jin Leow joins BNY as head of Asian investor services

13JUN06: Calamos extends accounting relationship with State Street

31MAY06: NexGen appoints State Street/IFDS for custody and admin

08MAY06: IFDS signs Neptune for distributor services platform

02MAY06: Platt-Ransom appointed to run State Street's Guernsey operation

26APR06: State Street wins Saskatchewan Teachers' mandate

28MAR06: AXA IM appoints State Street as Dublin and Luxembourg administrator

27FEB06: SEB joins State Street's FXConnect platform

16FEB06: CalPERS reappoints State Street

14FEB06: State Street wins clutch of small UK pension fund mandates

09FEB06: Hartford appoints State Street for UK bond accounting

03FEB06: Ebenston joins JPMorgan as product executive in UK

31JAN06: State Street upgrades risk management service with Algorithmics

30JAN06: Cassidy resurfaces at Cambridge Associates

13JAN06: State Street acquires Chinese software firm

06JAN06: John Hancock awards fund servicing mandate to State Street

2005

22DEC05: State Street wins UK charity mandate

14DEC05: WM wins performance mandate from Dutch Doctors

13DEC05: State Street expands relationship with First Eagle Funds

24NOV05: State Street's record fine from NASD

17NOV05: State Street wins Californian motoring mandate

16NOV05: State Street's Conway moves back to Boston

01NOV05: Lloyds TSB pension schemes extend State Street mandate

28OCT05: State Street wins Charles Schwab funds mandate

20OCT05: State Street appoints Deutsche Bank in Italy

18OCT05: Wisson joins State Street from AXA IM

27SEP05: Scottish Widows renews State Street outsourcing contract

26SEP05: State Street appointed by Banco de Guatemala

20SEP05: State Street manages EUR1.4bn transition for Volkswagen

07SEP05: Liontrust expands relationship with State Street

01SEP05: IFDS signs up Investec for eDistributor

25AUG05: State Street wins four new UK local authority mandates

17AUG05: Mellon wins Florida state mandate

15AUG05: State Street hires Menard from Northern

29JUN05: State Street wins Norwegian mandate

24JUN05: State Street wins UK's Pension Protection Fund mandate

21JUN05: State Street upgrades headquarters reporting service

16JUN05: State Street takes stake in Northeast Retirement Services

31MAY05: State Street opens rep office in Beijing

27MAY05: State Street strikes deal with Data Explorers

25MAY05: BBH appoints two from State Street for securities lending

25MAY05: IFDS wins transfer agency for Brown Shipley Solus funds

12MAY05: F&C consolidates UK transfer agency with IFDS

11MAY05: State Street wins AMEC mandates

04MAY05: State Street expands relationship with West Sussex

26APR05: Merseyside switches $6bn fund to State Street

11APR05: Marsh Carter appointed as chairman of NYSE

10MAR05: Columbia consolidates with State Street

07MAR05: R&M says RBC is top custodian, while State Street is the worst

02MAR05: AXA completes outsourcing deal with State Street

01MAR05: Scholfield to head wealth manager services in UK for State Street

24FEB05: State Street celebrates with Brandywine

17FEB05: Phalen takes up new role at State Street

10FEB05: New hires for State Street Global Markets

09FEB05: Midwest Medical appoints State Street for insurance accounting

08FEB05: State Street names new Canada chief

19JAN05: State Street reverts to type in fourth quarter

18JAN05: State Street wins ChevronTexaco European plans

13JAN05: O'Brien replaces Gavell as State Street treasurer

10JAN05: State Street wins Mexican pensions mandate

04JAN05: GIC appoints State Street for North American investment operations