Expansion underlines State Street’s commitment to serving clients with local presence
BRUNEI DARUSSALAM — State Street Corporation, one of the world’s leading providers of financial services to institutional investors, today announced the opening of a new office at Brunei Darussalam in a demonstration of its commitment to supporting client needs with a physical presence in key markets.
The office will support clients based in Brunei through client servicing and relationship management. Nick Wright, head of State Street’s global services business in South Asia, based in Singapore, said the Brunei office aligns with State Street’s goal to increase its non-US revenue.
“We’re excited to continue our expansion in Asia Pacific in a way which brings us closer to our clients and maximizes our responsiveness to their needs,” Mr. Wright said. “As well as assisting our business growth plans, the new office will enable us to offer effective support for the development of Brunei’s financial services industry.”
The Brunei office is State Street’s ninth office in Asia Pacific. Since entering the region more than 25 years ago, State Street has built a strong presence and has more than 7,000 employees throughout Asia Pacific, including India[1]. State Street offers local investors a complete range of financial services across the investment spectrum, including investment servicing, investment research and trading, and investment management.
About State Street
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $22.8 trillion in assets under custody and administration and $2.1 trillion* in assets under management at June 30, 2011, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street’s website at www.statestreet.com.
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© State Street Corporation, 2011
*This AUM includes the assets of the SPDR Gold Trust (approx. $58 billion as of June 30, 2011), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent.
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