State Street Corporation

State Street’s banking lineage traces to Union Bank, founded in Boston in 1792; State Street Corporation itself was organized in 1969. Its principal businesses are investment servicing, investment management, markets and financing, wealth services, and related technology. The company is headquartered in Boston and serves clients across more than 100 markets.

State Street is best known for the infrastructure behind institutional investing: custody, fund accounting, administration, securities lending, trading and data. Its investment-management arm, now branded State Street Investment Management, runs indexed, active, quantitative, cash and ETF strategies, including the SPDR ETF franchise and the first U.S. ETF launched in 1993.

The firm’s distinctive strength is combining large-scale asset servicing with front-to-back investment technology. State Street Alpha integrates investment operations, data and software, while the company’s investment-management business gives it substantial expertise in indexing, ETFs and institutional portfolio solutions.