This State Street Corporation Company Profile is the essential source for top-level company data and information. The report examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.
State Street Corporation (State Street) is a financial holding company for State Street Bank and Trust Company. The group provides fund accounting, custody, investment management, securities lending, transfer agency services, hedge fund services and operations outsourcing for investment managers. State Street operates in the US, Europe, Canada, Cayman Islands and Asia. It is headquartered in Boston, Massachusetts and employs about 27,110 people. The group recorded revenues of $8,336 million in the financial year ended December 2007, an increase of 32.1% over 2006.The operating profit of the group was $1,903 million in the financial year 2007, an increase of 7.5% over 2006.The net profit was $1,261 million in the financial year 2007, an increase of 14% over 2006.
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