S

State Street

Holds assets for institutions and runs index funds

Overview

Company Historically Provides H-1B Sponsorship

State Street holds and services investments for pension funds, insurers, fund companies, and other large institutions, and it also runs index funds through State Street Investment Management. It launched the first US-listed exchange-traded fund, the SPDR S&P 500 ETF Trust, in 1993, and in 1924 it became custodian of the first US mutual fund. As a custody bank, it safekeeps clients' stocks and bonds, completes their trades, calculates what their funds are worth, and lends their securities to other investors. It earns fees on the assets it services and manages, plus income from currency trading and from interest on client cash. State Street traces its roots to a bank chartered in 1792 and is based in Boston, Massachusetts.

Funded RecentlySignificant Headcount Growth

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About State Street

Simplify's Rating
Why State Street is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

10,001+

Company Stage

IPO

Headquarters

Boston, MA

Founded

1792

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Simplify's take

What believers are saying

  • Fees, not lending, drive results: fees were 79% of revenue and grew 17% in the June 2026 quarter.
  • Equity has gained value: shares rose 36% from January to October 2026, beating custody rival Northern Trust's 23%.
  • Tech roles lead hiring: 477 of State Street's 1,133 open jobs in October 2026 were in information technology.

What critics are saying

  • Cuts continue despite record revenue: State Street booked $190 million in layoff charges from October 2025 to March 2026.
  • Its closest rival is more profitable: BNY kept 40% of mid-2026 revenue as pre-tax profit, versus State Street's 34%.
  • Legal risk lingers: Vanguard paid $29.5 million in March 2026 to exit an 11-state coal antitrust suit State Street fights.

What makes State Street unique

  • It doubles as a fund giant: it managed $6.3 trillion in June 2026, nearly triple custody rival BNY's $2.2 trillion.
  • Rival fund firms run on its back office: it services over 3,000 ETFs, about 39% of global ETF assets.
  • Fund managers trade through its software: it bought trading-system maker Charles River for $2.6 billion in 2018.

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Funding

Total Funding

$10.3B

Above

Industry Average

Funded Over

10 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Flexible Work Hours
  • Remote Work Options
  • Professional Development Budget
  • Tuition Reimbursement
  • Paid Holidays
  • Employee Referral Bonus

Stock Price

Growth & Insights and Company News

6 month growth

7%

1 year growth

7%

2 year growth

7%
PR Newswire
Nov 6th, 2026
INVESTOR ALERT: Pomerantz law Firm investigates claims on behalf of investors of State Street Corporation - STT.

INVESTOR ALERT: Pomerantz law Firm investigates claims on behalf of investors of State Street Corporation - STT. Nov 05, 2026, 21:27 ET NEW YORK, Nov. 5, 2026 /PRNewswire/ - Pomerantz LLP is investigating claims on behalf of investors of State Street Corporation ("State Street" or the "Company") (NYSE: STT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether State Street and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. On October 14, 2026, State Street announced its financial results for the third quarter of 2026. Among other items, State Street reported top-line revenue of $4.00 billion, missing consensus estimates of $4.03 billion. The Company also reported that net asset inflows declined to just $7 billion, compared to $114 billion in net inflows recorded during the preceding operational quarter. On this news, State Street's stock price fell $7.21 per share, or 4.14%, to close at $166.89 per share on October 14, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. SOURCE Pomerantz LLP

BizClik
Nov 4th, 2026
FinTech executive appointments in november 2026.

FinTech executive appointments in november 2026. November 04, 2026 FinTech leadership appointments this month include Barb Morgan, who joins State Street as Chief Technology Officer Barb Morgan, State Street. From: Chief Product and Technology Officer at Temenos To: Chief Technology Officer at State Street Alpha Barb Morgan has been appointed Chief Technology Officer (CTO) of State Street Alpha, the asset servicing and data platform developed by Boston-headquartered State Street. Announcing the move on LinkedIn, Barb says: "Building on the combined strengths of Charles River Development and State Street, we have a tremendous opportunity to take Alpha to the next level, strengthening our focus, accelerating innovation and advancing the technology that will shape the future with meaningful insights and intuitive client experiences." "With AI, data and intelligent automation fundamentally changing our industry, the opportunity to deliver meaningful transformation has never been greater. I look forward to listening, learning, setting a bold direction and working together to translate that opportunity into lasting impact." Mostapha Tahiri, President of State Street Alpha, welcomed her in a separate post. He says: "We have an extraordinary opportunity to help our clients navigate an increasingly data-driven investment ecosystem by unlocking the power of data, AI and intelligent automation to deliver deeper insights, accelerate innovation and create a more connected and seamless client experience." "Realising that opportunity requires bold leadership and world-class technology talent," Mostapha continues. "Barbara brings deep experience across enterprise software, financial services and AI, and her leadership will be instrumental as we accelerate our innovation agenda, harness the full potential of data and AI and deliver the next generation of capabilities and value for our clients." State Street created Alpha through its 2018 acquisition of Charles River Development for US$2.6bn. Built on Snowflake cloud infrastructure, the platform is designed to manage data across public and private markets. Before moving to State Street, Barb was previously Chief Product and Technology Officer at Temenos. Before that she was Group Head of Product for Data and Analytics at the London Stock Exchange Group (LSEG), where she led the Microsoft-LSEG partnership. Her career also includes serving as Chief Technology Development Officer at Fidelity National Information Services (FIS) and leadership roles at Capital One, Boeing and Lucent Technologies. Executives. * Barb Morgan Chief Product and Technology Officer * Mostapha Tahiri President of State Street Alpha and Chairman, Asia Pacific Company Portals

WealthBriefingAsia
Nov 3rd, 2026
State Street Investment Management makes top APAC appointment.

State Street Investment Management makes top APAC appointment. Editorial Staff 3 November 2026 The role, which is a newly formed one, is being taken up by a figure who has worked in the investment management sector for more than two decades. State Street Investment Management, the $6 trillion-plus AuM asset management business of State Street, has appointed former Amundi senior figure Florian Neto (main picture) as senior managing director and head of investments, Asia-Pacific. Based in Hong Kong, Neto will lead the firm's investment teams across APAC, collaborate with local leaders, oversee regional investment activities and help drive initiatives across the firm's investment platform. He reports to Lori Heinel, global chief investment officer. "Florian brings a combination of investment expertise, proven leadership and extensive experience across the region's diverse markets," Heinel said in a statement. At Amundi, Noel most recently held the post of investments head for Asia. He has worked in the investment management sector for about two decades, spanning Asia, Europe and the Americas. "From mature markets under structural evolution like Japan and Australia to high-growth Asian economies, investors are increasingly seeking robust wealth and retirement solutions, efficient ETF tools, and tailored institutional partnerships," Neto said. "I am excited to lead our investment teams across Asia-Pacific to scale on the firm's strong global platform, drive innovation and deliver differentiated investment outcomes for our clients." State Street's investment business serves clients in more than 60 nations.

Benzinga
Nov 2nd, 2026
SimCorp appoints Fiona O'Donnell as Chief Delivery Officer.

SimCorp appoints Fiona O'Donnell as Chief Delivery Officer. * Newly created Executive role makes one leader accountable for client delivery - for new and long-standing clients alike * O'Donnell joins from State Street with more than 18 years partnering with clients through large-scale transformation LONDON, Nov. 2, 2026 /PRNewswire/ - SimCorp, a global leader in financial technology, today announced the appointment of Fiona O'Donnell to the newly created role of Chief Delivery Officer. This new role underscores a commitment to exceptional client experience amid increased demand for the award-winning SimCorp One platform. O'Donnell becomes the executive accountable for client delivery at SimCorp - from a new client's first onboarding through ongoing delivery during every year of service. She will lead the company's delivery organization globally, with one mandate: help every client realize value faster and maintain delivery excellence every day. Effective immediately, O'Donnell reports directly to Chief Executive Officer Peter Sanderson and joins SimCorp's Executive Committee. SimCorp's clients - asset managers, asset owners, and insurers running global, multi-asset operations - are modernizing their operating models at pace. They expect value faster, and a consistently excellent client experience as they continue to transform through time. The Chief Delivery Officer role is the first at SimCorp to place the entire client delivery experience under a single accountable executive, with a commitment that covers every client equally - those going live on SimCorp One this year, and the service to institutions that have run their investment businesses using SimCorp for decades. "Our clients measure us on how quickly they realize value, and then on our partnership and their experience every day that follows," said Sanderson. "Fiona will be the one leader accountable for client delivery end to end, with the whole firm behind her. She knows what clients need from a partner, and what it takes to deliver for them when it matters most. Clear accountability, and keeping our promises, is central to our ambition to be the first choice for global investment management solutions." "I've spent my career partnering with clients through the hardest parts of transformation, and I've seen what they need most from a partner, someone who stands beside them until the job is done," said O'Donnell. "That's what drew me to SimCorp: one team, accountable for delivery end to end, helping every client get value sooner and making their experience better every year. I'm energized to get started and to build a team where people can do their best work for clients." O'Donnell has spent more than 18 years working with many of the world's largest asset owners and managers, most recently as a Client Executive and Senior Vice President at State Street Corporation, where she was the senior executive personally accountable to strategic clients through complex, multi-year transformation programs. Earlier in her career she was at ABN Amro Bank. She is recognized for the client relationships she has carried through significant transformation and for leading large, global delivery teams. O'Donnell will be based in London. About SimCorp SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side. Founded in 1971, with more than 3,500 employees across five continents, SimCorp is a truly global technology leader that empowers more than half of the world's top 100 financial companies through its integrated platform, services, and partner ecosystem. SimCorp is a subsidiary of Deutsche Börse Group. SOURCE SimCorp Canada Inc. Posted In:

Kalkine Media
Nov 2nd, 2026
State Street becomes substantial shareholder in Sims with 5.10% voting stake

State Street Corporation and its subsidiaries became substantial shareholders in Sims Limited on October 29, 2026. They hold 9,852,221 ordinary shares, equal to 5.10% of voting power. The stake was disclosed in a Form 603 notice filed on November 2, 2026, in line with Section 671B of the Corporations Act 2001. The holdings are spread across several State Street Global Advisors entities in Australia, Singapore, Asia, Europe, and the US. Each has power to control voting rights or dispose of securities as investment manager or trustee. State Street Bank and Trust Company also holds interests through securities lending agreements.

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