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London, UK— State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has been named the best service provider in a number of categories at the Global Pensions Awards 2007 and the 2007 International Custody and Fund Administration (ICFA) European Custody and Fund Administration Awards. In ceremonies held on 22 and 26 February at the Grosvenor House Hotel in London, State Street was named "Custodian of the Year" by Global Pensions magazine, while ICFA recognized State Street as "European Transition Manager of the Year" and "European Securities Lender of the Year."
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| "We are delighted to have been honored across such a wide range of the value-added capabilities we provide," said Peter O'Neill, executive vice president and head of State Street's investment servicing and investment research and trading businesses in the United Kingdom, South Africa and the Middle East. "We believe the awards speak to the value that we provide to our customers across the entire investment spectrum, and to the talented teams of individuals behind everything we do."
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| Global Pensions also awarded "Software Provider of the Year" to Princeton Financial Systems, a leading provider of client/server-based portfolio accounting management systems and a wholly-owned subsidiary of State Street, for its PAM® family of investment systems. |
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| The Global Pensions Awards 2007 are the only pensions industry awards which are truly global and honor companies at the forefront of the investment universe. Nominations were initially solicited from 8,500 Global Pensions readers to create a shortlist of candidates in each category; final submissions were then judged by a global panel of pension scheme trustees and industry consultants. The 26-person panel was chaired by Scott Anderson, the publisher and conference producer of Global Pensions. |
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| The ICFA Awards recognize and highlight excellence and specific achievement throughout many sectors of the European investment back office, encouraging service providers to raise standards and improve efficiency and client service. A team of expert judges, chaired by ICFA editor Jason Conway, selected the 2007 award winners. The panel included: European Securities Forum CEO Dr. Werner Frey; ABP Investments director of investment and information services Ruud Gilissen; LPFA Board Member Jenny Rosser MBE; and independent industry consultant Terry McCaughey. |
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| State Street Corporation (NYSE: STT) is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $11.9 trillion in assets under custody and $1.7 trillion in assets under management (as at 31 December 2006), State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com. |
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