State Street

State Street

Asset management and custody for institutions

Overview

Company Historically Provides H1B Sponsorship

State Street provides asset management and custody banking services for institutional investors worldwide, with State Street Global Advisors managing portfolios and offering advisory services. It generates revenue from asset management fees, transaction fees, and custody/administration fees, plus income from its own investments and lending activities. The company differentiates itself through its global scale and focus on institutional clients, offering integrated asset management, custody, administration, research, and trading across a broad network. Its goal is to help institutional clients meet their financial objectives by delivering comprehensive investment, risk management, and custody solutions on a global platform.

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

Data & Analytics

Financial Services

Company Size

10,001+

Company Stage

IPO

Headquarters

Boston, Massachusetts

Founded

1792

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Simplify's Take

What believers are saying

  • July 2026 revenue rose 16%; fee revenue and net interest income both expanded.
  • August 2026 launches of SBHI and SBSL deepen Blackstone-branded fixed-income ETF distribution.
  • August 2026 wealth hires Pete Dorsey and Jalil Rasheed target custody and Singapore growth.

What critics are saying

  • Q1 2026 incurred $89 million workforce rationalization charges and $41 million client rescoping losses.
  • March 2026 legal accruals reached $53 million, including Currenex, pension, and coal antitrust matters.
  • If wealth custody loses to Vanguard, State Street stays a commoditized balance-sheet utility.

What makes State Street unique

  • State Street controls custody and servicing for trillions, anchored by 200+ markets.
  • January 2026 Digital Asset Platform links tokenized funds, ETFs, deposits, and stablecoins.
  • April 2026 Luxembourg tokenized fund servicing extends one operating model across digital and traditional funds.

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Funding

Total Funding

$9.6B

Above

Industry Average

Funded Over

9 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

Company News

Asia Asset Management
Aug 31st, 2026
Jalil Rasheed appointed as State Street Bank's senior managing director for Singapore.

Jalil Rasheed appointed as State Street Bank's senior managing director for Singapore. September 1, 2026 US financial services provider State Street has appointed Jalil Rasheed, former managing director for Asia Pacific at Tony Blair Institute for Global Change, as senior managing director for Singapore. Jalil, who took an eight-month break after leaving Tony Blair Institute for Global Change in December last year, started work at State Street over a week ago. Jalil was managing director for Asia Pacific at Tony Blair Institute for Global Change from January 2022 to December 2025. He was previously group chief executive officer at Malaysian conglomerate Berjaya Corporation, and president and group CEO at Malaysia's largest fund management company Permodalan Nasional Berhad from 2018 to 2020. He also held leadership roles at Invesco and Aberdeen Investments. "I'm returning to the investment world, joining State Street Bank as senior managing director in Singapore, responsible for growth across the region and cultivating our senior client and government relationships, working hand in hand with the team we have around the region and globally," Jalil posted on LinkedIn on August 27.

Wealth Management
Aug 28th, 2026
Pete Dorsey joins State Street as wealth CRO.

Pete Dorsey joins State Street as wealth CRO. The former LPL Financial and Altruist executive will lead revenue strategy for the asset manager's custody and clearing business as it expands into wealth services. Diana Britton, Executive Editor, Wealth Management August 28, 2026 Pete Dorsey, a seasoned financial services executive with tenure at LPL Financial, Altruist and TD Ameritrade, has joined State Street's wealth services division as chief revenue officer for wealth custody and clearing. Dorsey joins from Wing Financial, an RIA and digital financial planning application he co-founded last year. In the newly created role, Dorsey has been tasked with growing the wealth services business by attracting new business and expanding the firm's wealth management capabilities. "State Street sees significant opportunity in Wealth Services as wealth managers increasingly seek technology-enabled capabilities, global scale and deep servicing expertise," said a State Street spokesperson. "Pete's appointment reflects the firm's continued investment in the business and commitment to supporting the evolving needs of wealth managers and their clients." "As we continue to expand State Street Wealth Services, attracting leaders of Peter's caliber reflects both the momentum we are building and our commitment to investing in the talent, expertise and capabilities that will help RIAs, wealth managers and financial institutions succeed," wrote Jennifer Stokes, senior vice president and head of wealth custody and clearing at State Street, in a LinkedIn post. Prior to launching Wing, Dorsey was at LPL as an executive vice president of institution services, the team responsible for the independent broker/dealer's bank, credit union and enterprise clients. Prior to that, he served as chief strategy and revenue officer of Altruist, which he joined in February 2021. Altruist just announced plans this week to sell to asset management giant Vanguard. As Vanguard takes steps to build out an RIA custodial platform with Altruist, State Street has been working to do the same. Last year, the asset manager made a minority investment in Apex Fintech Solutions to leverage Apex's digital custody and clearing platform. That move was part of State Street's expansion into wealth services. "This partnership with Apex augments our wealth services capabilities and positions us to bring the same level of focus and execution excellence, as we provide technology and services to the growing global wealth customers' investment goals," said John Plansky, executive vice president and head of State Street Wealth Services, when the company made the Apex investment. Plansky has been tasked with developing the global wealth services business, spanning investment advisory services, wealth advisor platforms and custody services. Executive Editor, Wealth Management Diana Britton is the Executive Editor of Wealth Management, covering independent broker/dealers and RIAs from all angles. She's also the host of the Jesse H. Neal Award Winning Podcast, The Healthy Advisor, focused on advisor health and wellbeing. A native of Los Angeles, she now lives in Rocklin, Calif.

Biz Today
Aug 25th, 2026
Investors seek new fixed income options.

Investors seek new fixed income options. By Electra Pembridge August 25, 2026 Fixed income ETF product development is becoming more innovative, according to a recent report, as assets have quadrupled since 2021. In the firm's Q2 ETF report, it said assets are growing strongly in this category and have quadrupled since 2021. In the second quarter, passive fixed income ETFs were the dominant vehicle, with $38 billion in assets under management, while active ETFs stood at $14.5 billion. Fixed Income ETF market. As of the second quarter, there were 60 passive fixed income ETFs and 43 active ones. Active ETFs have grown strongly, with only 20 vehicles in 2024. Australian bonds were the preferred choice, with 30% of market share, followed by diversified credit at 26.3%. Global bond counterparts stood at 14.8% of total assets under management. Diversified credit saw $694 million in inflows, closely followed by Australian bonds, which took in $693 million. Emerging market debt bonds and Australian cash vehicles were the only sectors to see outflows at $11.4 million and $72 million respectively. Investor demand. Investors favored unconstrained and inflation-linked strategies, reflecting a presence for diversified sources of income and duration exposure. Demand for cash and short-term defensive exposures weakened. "Diversified credit remained the largest recipient of fixed-income flows in the second quarter. Demand for Australian and global bonds was also strong, with both categories attracting substantial inflows." Morningstar noted that product development is also expanding beyond traditional bonds, with the launch of ETFs focused on private debt. This includes the VanEck Global Listed Private Credit (AUD Hedged) ETF, launched in February. Betashares launched the ASX-listed Diversified Credit Income ETF (DCRD) in August, which uses a blend of credit income ETFs to provide exposure to senior floating-rate Australian bank bonds, subordinated bonds and interest-rate hedged Australian investment grade corporate bonds. State Street also launched the State Street Blackstone Senior Loan (AUD Hedged) Active ETF (SBSL) and State Street Blackstone High Income (AUD Hedged) Active ETF (SBHI) in August, listing on the ASX. Monthly flows. A similar monthly report found that the ETF seeing the most flows in July was the Vanguard Global Aggregate Bond Index (Hedged) ETF, which took in $388 million. This was the only fixed income ETF to feature in the top 10 funds for the month. For now, it's clear that fixed income ETFs are becoming an increasingly important part of the investment setting. With their ability to provide diversified sources of income and duration exposure, they're an attractive option for investors looking to handle complex markets.

RWATimes
Aug 20th, 2026
State Street SPDR S&P 500 ETF Tokenized bStocks price today, SPYB to USD chart, marketcap and volume | CryptoSlate.

State Street SPDR S&P 500 ETF Tokenized bStocks price today, SPYB to USD chart, marketcap and volume | CryptoSlate. Thursday, august 20, 2026. SPDR S&P 500 ETF Tokenized bStocks (SPYB) is a blockchain-based asset providing tokenized exposure to the S&P 500 ETF. * State Street has launched the SPDR S&P 500 ETF Tokenized bStocks (SPYB), a blockchain-based asset offering economic exposure to the S&P 500 ETF. * SPYB aims to bridge traditional exchange-traded fund exposure with digital asset infrastructure, allowing users to access the performance of a diversified portfolio of large-cap U.S. companies via a tokenized format. * The tokenization of this ETF highlights the growing trend of bringing traditional financial products onto blockchain networks, though investors should be aware of specific risks associated with tokenized securities. Topics: Asset types, Institutional adoption, Public market, Financial instruments, Asset manager initiatives, Stock equity tokenization

AktienSensor
Aug 9th, 2026
State Street launches Series L perpetual preferred stock with 500,000 depositary shares offering

State Street Corporation has launched a public offering of 500,000 depositary shares, each representing one-hundredth of a Series L perpetual preferred stock share. The new Series L class features fixed-rate reset dividends aligned with risk-free rates. The company filed a Form 8-K on 5 August 2026 detailing the preferred stock amendments and offering structure. The depositary shares allow both institutional and retail investors to access the Series L preferred stock without committing to full shares, potentially broadening the investor base. State Street also announced it is changing its fiscal year to align with the calendar year, improving comparability with industry peers and streamlining tax filings. The company confirmed compliance with SEC regulations and reported no material adverse events. The perpetual structure provides State Street with capital structure flexibility whilst offering investors long-term income opportunities.

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