Featured Premium Sponsor August 2024: State Street

State Street Corporation 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 US$44.3 trillion in assets under custody and/or administration and US$4.4 trillion in assets under management 1 , State Street operates globally in more than 100 geographic markets and employs approximately 53,000 people worldwide.

State Street set up its Irish operations in 1996 and has expanded its footprint significantly in the country since then. As an essential partner to institutional investors, State Street in Ireland offers an array of flexible and customisable investment servicing solutions, including global custody, depositary services, multi-currency valuation, financial statement preparation, fund accounting and administration, global transfer agency and regulatory compliance solutions. Of nearly US$78 billion 2 of committed capital in private markets funds administered in Ireland by State Street alone, over US$74 billion 2 is held by funds domiciled elsewhere in the world, primarily the United States, the United Kingdom, Luxembourg and the Cayman Islands.

In March 2024, State Street opened its new state-of-the-art office building in Kilkenny, where its only dedicated cybersecurity hub outside of the US is located.

State Street was recognised as the leading provider of fund administration services and custody services, and transfer agent in Ireland in The Monterey Insight 2023 report. Together with State Street Global Advisors, its asset management business, the firm has grown over the years to become one of the largest international financial services employers in Ireland.

Learn more about State Street.

References

1 AUCA and assets under management as of June 30, 2024. AUM includes approximately $66 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

2 Internal accounting records (Infodata), as of 1 May, 2024