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FINANCIAL
statestreet.com

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Investments

17

Portfolio Exits

9

Funds

3

Partners & Customers

10

About State Street

State Street (NYSE: STT) provides investment management, servicing and administration; research and trading; and financial data analytics for institutional investors.

State Street Headquarter Location

One Lincoln Street

Boston, Massachusetts, 02111,

United States

+1 617 786 3000

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Expert Collections containing State Street

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find State Street in 1 Expert Collection, including Fortune 500 Investor list.

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Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

State Street Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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State Street Rank

Latest State Street News

State Street Digital, Vanguard And Symbiont Complete First Live Trade For Foreign Exchange Forward Contracts Leveraging Revolutionary Blockchain Technology And Smart Contracts

Dec 7, 2021

Assembly Smart Contract Automation to Substantially Reduce Risks for Clients State Street Corporation in collaboration with Vanguard and Symbiont, announced that the firms have jointly completed the margin calculation process for a live trade of a 30-day foreign exchange forward contract through the use of Assembly, Symbiont’s distributed ledger technology . The firms have been actively exploring the innovative application of blockchain technology to undertake margin processing for foreign-exchange forwards and swaps, with the goal of bringing post trade workflow automation and efficiencies while significantly reducing counterparty credit risk in the over-the-counter currency market. Harnessing the benefits of blockchain technology within the largely manual currency forwards market will eventually enable the underlying contracts to also be instantiated, signed, executed and documented on a single unalterable record, digitally securing the trades and allowing for automation over their duration. Deploying these contracts on DLT facilitates more frequent and automated valuations, while also enabling parties in the network to move and settle collateral instantaneously — significantly reducing counterparty risk and streamlining processes for those forwards that are non-cleared and subject to margining. “State Street Digital is incredibly pleased to have collaborated with both Vanguard and Symbiont on this monumental industry initiative to digitize the margining process around collateralized foreign exchange forward contracts that will reduce our customers operational challenges through process automation and state of the art technologies,” said Nadine Chakar , head of State Street Digital. “Our newly launched division, State Street Digital, was created to help drive innovation and address the industry’s digital transformation. We appreciate the joint collaboration on this project and look forward to future partnerships and further developing our digital capabilities for the crypto and digital assets environment.” Related Posts “Vanguard is committed to improving outcomes for all investors, whether through lowering the cost of investing or reinvesting in new services and innovative capabilities,” said Warren Pennington, head of Vanguard’s Investment Management FinTech Strategies Group. “We’re excited to partner with State Street and Symbiont on the world’s first ever digital collateral-linked currency forward trade margining process. Leveraging cutting-edge distributed ledger technology represents a giant leap forward in foreign exchange market structure by reducing counterparty risk, automating previously manual processes, and mitigating potential disputes through standardized calculation processes. The lower risk and increased speed will lead to lower costs and improved outcomes for investors.” “Today’s announcement marks a transformative time for financial services and signals the evolution of blockchain as the ideal technology solution for foreign exchange contracts. Our market still manages risk on an overnight basis and lacks an efficient, real-time common infrastructure for valuing trades, calculating margin calls, and moving assets between counterparties as defined by the legal agreements (ISDA/CSA). That hampers the credit both firms are willing to extend to each other and the resulting dealing price. Our solution solves for that by allowing both counterparties to transact and participate in greater size (full amount) and activity based purely on best execution, without fear of increased credit exposure,” commented, Mark Smith, CEO, Symbiont.

State Street Investments

17 Investments

State Street has made 17 investments. Their latest investment was in Capitolis as part of their Series C on March 3, 2021.

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State Street Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/30/2021

Series C

Capitolis

$90M

No

4

3/23/2021

Series B

Securrency

$30M

Yes

5

2/9/2021

Series A

Aidentified

$10M

Yes

3

9/10/2020

Series B - II

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$99M

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10

5/5/2020

Series A

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$99M

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10

Date

3/30/2021

3/23/2021

2/9/2021

9/10/2020

5/5/2020

Round

Series C

Series B

Series A

Series B - II

Series A

Company

Capitolis

Securrency

Aidentified

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Amount

$90M

$30M

$10M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

4

5

3

10

10

State Street Portfolio Exits

9 Portfolio Exits

State Street has 9 portfolio exits. Their latest portfolio exit was Pacific Canbriam Energy on May 13, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/13/2019

Acquired

1

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

Date

5/13/2019

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

1

10

10

10

10

State Street Acquisitions

10 Acquisitions

State Street acquired 10 companies. Their latest acquisition was Brown Brothers Harriman - Investor Services on September 07, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/7/2021

$991

Acquired Unit

5

7/21/2021

Loan

$20.82M

Acquired

5

8/17/2018

Corporate Minority

Acq - Fin

1

7/20/2018

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$991

$99M

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10

10/4/2011

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$99M

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10

Date

9/7/2021

7/21/2021

8/17/2018

7/20/2018

10/4/2011

Investment Stage

Loan

Corporate Minority

Companies

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Valuation

$991

$991

Total Funding

$20.82M

$99M

$99M

Note

Acquired Unit

Acquired

Acq - Fin

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Sources

5

5

1

10

10

State Street Fund History

3 Fund Histories

State Street has 3 funds, including State Street ESG Liquid Reserves Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

State Street ESG Liquid Reserves Fund

2

TT Venture

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$99M

10

Dynamic Diversified Fund

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$99M

10

Closing Date

Fund

State Street ESG Liquid Reserves Fund

TT Venture

Dynamic Diversified Fund

Fund Type

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Status

Amount

$99M

$99M

Sources

2

10

10

State Street Partners & Customers

10 Partners and customers

State Street has 10 strategic partners and customers. State Street recently partnered with Lukka on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/29/2021

Vendor

Lukka

United States

State Street partners with Lukka to expand crypto services

State Street partners with Lukka to expand crypto services

4

7/14/2021

Client

Legal & General Investment

United Kingdom

Legal & General : LGIM appoints State Street to provide Charles River Technology and Middle Office Services

Legal & General Investment Management announces that it is extending its existing partnership with State Street by expanding its usage of Charles River technology and to deliver middle office servicing .

1

6/28/2021

Vendor

Canoe Intelligence

United States

Fintech Spotlight: State Street Builds Out Data, Digital Experiences

State Street Corp , a fintech serving some of the most sophisticated market participants , has announced a partnership with Canoe Intelligence to roll out cloud-based , machine learning technology that transforms private markets processing and document management .

1

6/22/2021

Vendor

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10

4/16/2021

Client

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10

Date

7/29/2021

7/14/2021

6/28/2021

6/22/2021

4/16/2021

Type

Vendor

Client

Vendor

Vendor

Client

Business Partner

Lukka

Legal & General Investment

Canoe Intelligence

Country

United States

United Kingdom

United States

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News Snippet

State Street partners with Lukka to expand crypto services

State Street partners with Lukka to expand crypto services

Legal & General : LGIM appoints State Street to provide Charles River Technology and Middle Office Services

Legal & General Investment Management announces that it is extending its existing partnership with State Street by expanding its usage of Charles River technology and to deliver middle office servicing .

Fintech Spotlight: State Street Builds Out Data, Digital Experiences

State Street Corp , a fintech serving some of the most sophisticated market participants , has announced a partnership with Canoe Intelligence to roll out cloud-based , machine learning technology that transforms private markets processing and document management .

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Sources

4

1

1

10

10

State Street Team

74 Team Members

State Street has 74 team members, including current Chief Executive Officer, Joseph L Hooley.

Name

Work History

Title

Status

Joseph L Hooley

Chief Executive Officer

Current

Eric Aboaf

Chief Financial Officer

Current

Edward J Resch

Chief Financial Officer

Current

Albert J Cristoforo

Chief Technology Officer

Current

Andrew Zitney

Chief Technology Officer, Executive Vice President

Current

Name

Joseph L Hooley

Eric Aboaf

Edward J Resch

Albert J Cristoforo

Andrew Zitney

Work History

Title

Chief Executive Officer

Chief Financial Officer

Chief Financial Officer

Chief Technology Officer

Chief Technology Officer, Executive Vice President

Status

Current

Current

Current

Current

Current

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