State Street Corp.
Similar to: IG Group Holdings Plc
State Street Corp. operates as a financial holding company. The company conducts its business primarily through State Street Bank. The company operates in two lines of business: Investment Servicing and Investment Management. The Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services. The Investment Servicing segment's products and services include: custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management segment provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. State Street was founded in 1969 and is headquartered in Boston, MA.