State Street
About
State Street is a global financial services holding company headquartered in Boston. Its roots go back to 1792, making it one of the oldest financial institutions in the United States. Today it is best known as one of the world’s largest custody banks, holding and servicing assets for pension funds, mutual funds, insurers and other institutional investors around the globe, and it is a major name in the asset management business.
Its investment management arm, State Street Global Advisors, launched the SPDR S&P 500 ETF in 1993, widely recognized as the first exchange-traded fund listed in the United States. The company employs thousands of people in the Boston area and operates offices around the world, making it a fixture of the city’s financial industry and one of its best-known corporate names.
What to Know
- The company serves institutional clients rather than everyday retail banking customers.
- The listing appears in the Boston Seaport directory’s workplace category.
- State Street Global Advisors also manages the broader SPDR family of exchange-traded funds.
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