State Street

State Street Financial Center
One Lincoln Street
Boston, MA 02111
USA

Contact
Francesco Squillacioti


Telephone
+1 617 664 7665


Email
fsquillacioti@statestreet.com


Website
www.statestreet.com
As one of the world's most experienced lending agents providing both custodial and third-party lending, State Street offers the individualized service, client-facing technology and commitment to transparency institutional investors are looking for. Whatever the market conditions, our dedicated team can help clients optimize opportunities without compromising our conservative approach to risk or their need for flexibility.

At State Street, we understand that one size does not fit all. Our clients' needs are very specific, and they're changing every day. By leveraging a consultative approach and our extensive network of local market expertise, we will work with them to develop a customized lending program based on their specific parameters.

This flexibility is underpinned by our investment in people, technology, product development and multiple distribution routes to market, including exclusives and auctions. And we're always finding ways to stay ahead of the competition, investigating new markets, client fund domiciles or forms of collateral. All to make sure our clients get the most out of their lending program.

Additional contacts:

Alex Lawton
EMEA Regional Director
+44 20 3395 4641
alawton@statestreet.com

Jansen Chua
APAC Regional Director
+852 2230 1517
jwchua@statestreet.com
State Street Features archive
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Liquid launch
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State Street’s Sean Greaves examines liquidity in a post-crisis environment and explains why regulators must be cognisant of the law of unintended consequences when devising new frameworks
Measuring success through data
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Nickolas Delikaris of State Street discusses balance sheet and regulatory woes, and the need for efficient data analytics in securities lending
The Goldilocks zone
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Glenn Horner of State Street reviews the newly proposed securities financing transaction standardised calculation, finding it to be just right
Keep on moving
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Asset managers are among the most adaptable beneficial owners in the EMEA, but they must remain conscious of continuing regulatory upheaval, says State Street’s Maurice Leo
Try before you dive
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State Street’s managing director Glenn Horner, and vice presidents Leslie Levine and Jeffrey Trencher, explain new approaches to liquidity risk management
State Street Interview archive
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Paul Fleming
State Street
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State Street’s new head of securities finance, Paul Fleming, talks about his new role and what’s on the horizon this year and beyond
Jon Whiting
State Street Global Markets
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Jon Whiting of State Street Global Markets provides a short update on Latin America for agent lenders and beneficial owners, revealing that the continent is on its way—in Brazil at least
Paul Fleming
State Street
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Paul Fleming reveals how State Street’s enhanced custody business compares to the bank’s agency lending programme. SLT hears him out
Francesco Squillacioti
State Street
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SLT talks to Francesco Squillacioti of State Street about beneficial owner interest in Asia and the continent’s regulatory roadmap
Warren Maynard
State Street
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State Street’s Canadian securities lending specialist speaks to SLT about how the market is developing
Nick Bonn
State Street
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SLT speaks to the head of the securities finance division at State Street during a time of extreme market nervousness
State Street News archive
Featured on Securities Lending Times
Missouri pension fund wins $123 million from State Street for erroneous securities lending fund valuation
Deutsche Bank recruits Maurice Leo
17 May 2017 | London | Reporter: Mark Dugdale
Maurice Leo has returned to Deutsche Bank following 13 years at State Street
State Street sees slow Q1 for securities finance
27 April 2017 | Boston | Reporter: Stephanie Palmer
State Street saw very slight declines in securities finance revenues in Q1 2017, securing $133 million, 0.7 percent less than the $134 million taken in the same period last year
State Street taps Sporn for enhanced custody team
26 April 2017 | New York | Reporter: Drew Nicol
Sporn brings 15 years of securities lending experience to State Street’s enhanced custody team
Lower liquidity is the new normal
04 November 2016 | New York | Reporter: Drew Nicol
Almost half of surveyed institutions believe the current liquidity drought is here to stay, according to State Street...
State Street's ahead
26 October 2016 | Boston | Reporter: Drew Nicol
State Street secured a 20.4 percent boost to its securities finance revenue in Q3 2016...
State Street wins back Keane for AIS in APAC
26 October 2016 | Hong Kong | Reporter: Drew Nicol
State Street has enticed Aisling Keane to return to the bank as head of alternative investment solutions for the Asia Pacific...
State Street and PIMCO renew back-office deal
25 October 2016 | Boston | Reporter: Drew Nicol
State Street has renewed its 16-year partnership with PIMCO to provide outsourced investment management services including collateral management, pricing and derivatives processing...
State Street's Fleming becomes hedge fund leader
04 October 2016 | Boston | Reporter: Mark Dugdale
Paul Fleming has become global head of hedge funds in State Street’s alternative investment solutions business...
R3 members trial Intel’s distributed ledger prototype
26 September 2016 | New York | Reporter: Drew Nicol
Financial innovation company R3 and eight of its largest consortium member banks including HSBC, Societe Generale and State Street, have successfully tested Intel’s distributed ledger prototype for bond transactions...
State Street has hot Q2 in securities finance
04 August 2016 | Boston | Reporter: Mark Dugdale
State Street’s securities finance revenue reached $156 million in Q2 2016 thanks to seasonality...
State Street joins margin settlement pilot programme
12 July 2016 | Brussels | Reporter: Drew Nicol
Euroclear and the Depository Trust & Clearing Corporation have secured State Street as a participant in a pilot programme to test their joint venture’s margin settlement messaging service...
Waddington takes sec finance role at State Street
02 March 2016 | London | Reporter: Mark Dugdale
Simon Waddington has left RBC Investor & Treasury Services to join State Street as head of business development for Europe, the Middle East and Africa securities finance...
Securities finance revenue a hit for State Street
28 January 2016 | Boston | Reporter: Mark Dugdale
State Street earned $127 million from securities finance during an otherwise difficult Q4 2015 for the bank...
McDonald takes chair in EquiLend board reshuffle
07 December 2015 | London | Reporter: Drew Nicol
James McDonald of State Street has taken over as chair of EquiLend Holdings...
Markit makes its ETF mark with big market players
07 December 2015 | New York | Reporter: Drew Nicol
BlackRock, BNY Mellon and State Street have approved Markit’s exchange-traded fund collateral lists for use in their collateral management schedules...
Exclusive: Hovey to leave State Street
03 December 2015 | London | Reporter: Drew Nicol
Ian Hovey, head of Europe, the Middle East and Africa product development at State Street, is set to retire at the end of the year, according to multiple sources...
James Barten leaves State Street
23 November 2015 | London | Reporter: Drew Nicol
State Street’s head of European fixed income trading has left the bank, according to multiple sources...
State Street opens Copenhagen office
11 November 2015 | Copenhagen | Reporter: Drew Nicol
State Street has strengthened its presence in the Nordic region with the opening of an office in Copenhagen...
State Street wins sec lending mandate with ARCO
02 November 2015 | London | Reporter: Drew Nicol
State Street has been appointed by ARCO to provide securities lending services...
State Street sees sec finance revenue fall in Q3
23 October 2015 | Massachusetts | Reporter: Drew Nicol
State Street’s securities finance revenue fell 27.1 percent in Q3, although it did beat the previous year’s results...
State Street gets currency swaps mandate
24 September 2015 | Toronto | Reporter: Drew Nicol
State Street has been named as the collateral manager and custodian for the Department of Finance Canada’s currency swap programme...
State Street names new head of securities finance
30 July 2015 | Boston | Reporter: Becky Butcher
Senior vice president Paul Fleming will take over from Lou Maiuri to lead the securities finance group at State Street...
Sweet Q2 for State Street
28 July 2015 | Boston | Reporter: Stephanie Palmer
State Street has revealed increases in its securities finance revenue, reaching $155 million in Q2 2015...
The Debate: managing collateral
20 May 2015 | London | Reporter: Becky Butcher
DTCC, Torstone, SGSS and State Street give their take on regulatory requirements around OTC derivatives and their opinion on the best collateral management systems...
State Street's securities finance revenue trumps Q1 2014's
27 April 2015 | Boston | Reporter: Mark Dugdale
State Street earned $101 million in securities finance revenue during Q1 2015, down on the previous quarter but up significantly on Q1 2014...
State Street appoints new head of securities finance
14 April 2015 | London | Reporter: Becky Butcher
State Street Corporation has appointed Alex Lawton to senior managing director and head of securities finance for State Street Global Markets in Europe, Middle East and Africa (EMEA)...
State Street bags business analyst
16 February 2015 | London | Reporter: Mark Dugdale
Securities finance business analyst Ron Kaim has moved to State Street...
Three heads are better than one
29 January 2015 | Frankfurt | Reporter: Stephen Durham
Eurex is to collaborate with BNY Mellon and State Street to further enhance the Eurex Clearing service...
State Street sees $30m leap in securities revenue
26 January 2015 | Boston | Reporter: Stephanie Palmer
State Street has reported an increase of almost 40 percent in its securities finance revenue...
State Street expands Swiss & Global services
09 January 2015 | Zurich | Reporter: Mark Dugdale
Swiss & Global Asset Management has chosen State Street to provide investment servicing solutions, including securities lending, for $70 billion in assets, expanding existing relations between the institutions...
Pension funds hungry for investment risk
21 November 2014 | Boston | Reporter: Stephanie Palmer
Pension funds will see an increase in appetite for investment risk over the next three years, according to a report by State Street...
Q2 seasonality affects State Street’s revenue
28 October 2014 | Boston | Reporter: Mark Dugdale
State Street’s securities finance revenue took a hit during Q3 2014, but was still up on the same quarter in 2013...
IMN: FTT won’t let beneficial owners be
18 September 2014 | London | Reporter: Mark Dugdale
The EU 11 will come to a conclusion over the Financial Transaction Tax (FTT) before the end of the year, according to John Billige of State Street...
State Street's securities finance revenue soars
24 July 2014 | Boston | Reporter: Mark Dugdale
State Street’s securities finance revenue hit $147 million in Q2 2014, an impressive 72.9 percent increase over the first quarter of the year...
Exclusive: Rajen Shah heads to State Street
15 July 2014 | London | Reporter: Mark Dugdale
Former Citi executive Rajen Shah, who left the bank approximately three months ago, has resurfaced at State Street, a source has exclusively revealed...
State Street enjoys Q1 2014 securities finance increase
28 April 2014 | Boston | Reporter: Mark Dugdale
State Street earned $85 million in revenue from securities finance in Q1 2014, an 11.8 percent increase on the last quarter in 2013, thanks to new custody mandates...
Institutions look to the open range
23 April 2014 | New York | Reporter: Georgina Lavers
Official institutions are looking to new markets and a broader range of assets as they search for greater returns, according to a new report by State Street...
SL-x salesman leaves for State Street
03 March 2014 | London | Reporter: Georgina Lavers
Lynden Howie has left as head of sales and trading at SL-x to join State Street...
Etera Mutual appoints State Street for securities lending
10 February 2014 | London | Reporter: Daniel Jackson
State Street will provide a range of pension fund solutions, including securities lending, to Etera Mutual Pension Insurance Company...
State Street signs Lufthansa Airlines for another 5 years
05 February 2014 | Frankfurt | Reporter: Georgina Lavers
State Street has extended its 13 year relationship with Lufthansa German Airlines Group (Deutsche Lufthansa AG) for an additional five years. The relationship will now include transition management, collateral management and FX spot execution service
A good year for State Street
27 January 2014 | London | Reporter: Daniel Jackson
State Street’s chairman has said that its results for 2014 show that the business remains strong despite the difficult financial climate.
AXA IM extends partnership with State Street
12 December 2013 | London | Reporter: Daniel Jackson
AXA Investment Managers has extended its investment operations outsourcing mandate with State Street for an additional five years...
State Street's Bonn steps down from sec finance role
07 November 2013 | Boston | Reporter: Mark Dugdale
Nicholas Bonn is leaving his interim role as executive vice president and head of securities finance and portfolio solutions at State Street, but will stay on at the bank, sources have confirmed...
Three custodian banks face ratings review
03 July 2013 | New York | Reporter: Mark Dugdale
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BNY Mellon, State Street and Northern Trust are facing reviews of their long-term ratings because of narrow margins in core custody services and an over reliance on ancillary services such as securities lending, according to Moody’s...
State Street calls on Michael Bell
07 June 2013 | London | Reporter: Georgina Lavers
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State Street has named Michael Bell as executive vice president and member of its management committee, the company’s senior-most policy-making and strategy group...
State Street freshens up collateral services
08 May 2013 | London | Reporter: Georgina Lavers
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State Street has enhanced its financial reporting and collateral services to help clients comply with regulations, manage risk and automate their disclosure requirements...
Pension funds fret over investment and regulation
01 May 2013 | London | Reporter: Georgina Lavers
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There will be no let-up in the challenges facing funds, said respondents to a State Street survey. In fact, investment decisions will become more complex...
State Street securities finance up 5.4 percent
22 April 2013 | New York | Reporter: Georgina Lavers
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State Street’s Q1 2013 results saw slightly dipped revenue of $2.44 billion: down just one percent from Q4 2012, and up one percent from Q1 2012...
Omgeo appoints three to board
28 March 2013 | New York | Reporter: Georgina Lavers
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Omgeo has appointed Edward Hazel of Goldman Sachs, Richard Taggart of State Street and Susan Cosgrove of The Depository Trust & Clearing Corporation (DTCC) to its board of managers...
Connecticut pension fund 'chooses' Deutsche Bank
19 March 2013 | Hartford | Reporter: Mark Dugdale
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Connecticut Retirement Plans & Trust Funds has mandated Deutsche Bank to provide it with securities lending services. The state’s pension system is conducting a master custodian search ahead of State Street’s mandate expiring on 30 June...
State Street CFO to retire in 2013
21 November 2012 | Boston | Reporter: Jenna Jones
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State Street’s executive vice president and CFO, Edward Resch, will retire in 2013 after more than 10 years in the role...
Securities finance dips in State Street’s Q3 2012 results
18 October 2012 | Massachusetts | Reporter: Georgina Lavers
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State Street's Q3 2012 results revealed securities finance revenue of $91 million, a decline of 36.4 percent from Q2 2012. But revenue was higher than it was in the same quarter in 2011...
Pension fund separates sec lending from custody
22 August 2012 | Austin, Texas | Reporter: Mark Dugdale
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Texas Municipal Retirement System had named Deutsche Bank as its securities lending agent and rehired State Street as its global custodian...
State Street to provide securities lending for WSIB
30 March 2012 | Boston | Reporter: Georgina Lavers
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State Street Corporation will provide a range of investment services to Washington State Investment Board (WSIB), including custody, daily investment and compliance reporting, securities lending, securities valuation and settlement...
State Street to launch new product Fund Insights
22 March 2012 | Boston | Reporter: Georgina Lavers
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State Street is to launch the Fund InsightsSM Valuation Toolkit, the first in a set of solutions aimed at efficiently providing industry insights for fund managers...
Maynard departs State Street
03 February 2012 | Toronto | Reporter: Ben Wilkie
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Warren Maynard, State Street Canada's vice president account manager and sales - securities finance, has left the company after seven years...
State Street appoints Minderides
02 February 2012 | London | Reporter: Anna Reitman
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State Street Global Markets has appointed John Minderides as head of its portfolio solutions business for EMEA...
State Street adds securities lending to Lufthansa mandate
14 November 2011 | Munich | Reporter: Anna Reitman
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State Street has announced it will now be providing securities lending services to Lufthansa German Airlines group...
Puth departs State Street
03 November 2011 | Boston | Reporter: Ben Wilkie
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State Street's global markets chief David Puth has left the bank after three years running the business...
State Street hires new MD
12 September 2011 | Boston | Reporter: Anna Reitman
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State Street has announced the appointment of Douglas Brown in the role of...
State Street renews Lloyds mandate
22 August 2011 | London | Reporter: Ben Wilkie
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Lloyds Banking Group has renewed and extended its existing securities lending contract with State Street...
State Street appointed global securities lending agent for REST
10 June 2011 | Sydney | Reporter: Justin Lawson
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State Street have been appointed global securities lending agent for REST Industry Super, a move which follows on from the superannuation servicing agreement announced in January.....
Securities finance platform BondLend expands into Canada
29 March 2011 | Toronto | Reporter: Justin Lawson
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BondLend, the fixed income securities finance platform has expanded into the Canadian market. Several clients including, CIBC Mellon, Northern Trust and State Street have incorporated the efficiencies of the platform into their daily businesses by...
State Street announces collateral tracking service
07 March 2011 | Boston | Reporter: Steven Lafferty
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State Street has announced today the launch of a new Collateral Tracking service that helps asset managers and owners accurately assess and manage counterparty risk. Clients can now receive up-to-date reporting on the location and status of all colla
State Street expands services to UK PPF
02 March 2011 | London | Reporter: Ben Wilkie
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State Street Corporation has extended its relationship with the UK’s Pension Protection Fund (PPF) for a further term to provide services to more than £5 billion in assets. It will also offer securities lending services...
New transition managers at State Street
03 February 2011 | Boston | Reporter: Ben Wilkie
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State Street Global Markets has announced several transition management appointments to its global Portfolio Solutions Group...
SSGA to launch new Euro ETFs
22 December 2010 | London | Reporter: Ben Wilkie
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State Street Global Advisors will launch a new range of ETFs across Europe in the first quarter of 2011...
Canadian mandate goes to State Street
05 November 2010 | Toronto | Reporter: Justin Lawson
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State Street Corporation, to provide securities lending services to the Workplace Safety and Insurance Board of Ontario (WSIB) for its Pension Fund, Loss of Retirement Income Fund and Insurance Fund totaling CAD$15 billion in assets.
SSgA to Acquire Bank of Ireland Asset Management
22 October 2010 | Boston | Reporter: Steven Lafferty
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State Street Global Advisors (SSgA), announced today that it has agreed to acquire Bank of Ireland Asset Management (BIAM) for consideration of approximately EURO57 million.
State Street announces 3rd quarter results
20 October 2010 | Boston | Reporter: Ben Wilkie
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State Street Corporation today announced third-quarter 2010 earnings, highlighting that securities lending finance revenue was down over 37 per cent on the 2nd quarter...
Lochiel Crafter Appointed Head of Investments
22 September 2010 | Sydney | Reporter: Justin Lawson
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State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT) today announced the appointment Lochiel Crafter as head of investments for Asia-Pacific.
New risk and analytics tools from State Street
23 August 2010 | Boston | Reporter: Ben Wilkie
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State Street has announced enhancements to its risk analytics and servicing tools for institutional investors. New offerings include portfolio reallocation tools, economic stress tests, and expanded investment coverage.
State Street releases Vision Focus report
29 July 2010 | Boston | Reporter: Ben Wilkie
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State Street has released its latest Vision Focus report on new trends in asset allocation following the financial crisis...
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State Street Global Advisors (SSgA) has announced that is has ended its securities lending programme across many of its funds...
Cash contribution removes redemption restrictions
08 July 2010 | Boston | Reporter:
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State Street announced yesterday that it recorded a second quarter 2010 after-tax charge of USD251 million, including a related cash contribution to certain common and collective trust funds managed by State Street Global Advisors ("SSgA") that engag
State Street Appoints Bonn
29 June 2010 | Boston | Reporter:
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State Street recently announced the appointment of Executive Vice President Nicholas (Nick) Bonn, to head its securities finance business. Bonn, will report to David Puth, executive vice president and head of State Street's Global Markets business.
State Street hit by defections
16 June 2010 | New York | Reporter:
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Eight senior members of State Street's securities lending division have resigned
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State Street Now the Largest Investment Service Provider in Italy; Expands Presence in Luxembourg. Gains Long-Term Investment Servicing Agreement with Eurizon Capital, the Largest Fund Manager in Italy
SSgA's Blake to Succeed Brakke
13 May 2010 | Boston | Reporter:
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State Street Global Advisors (SSgA), the investment management business of State Street Corporation, today announced that Lynn Blake, a 23-year SSgA veteran will assume the role as global head of Index Equity following the retirement of Paul Brakke,
Hedge fund group Marshall Wace selects State Street
23 April 2010 | Dublin | Reporter:
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State Street, has been appointed to provide investment services to hedge fund group Marshall Wace for its new equity-neutral exchange traded fund (ETF) MW TOPS Global Alpha.