State Street Corporation

State Street Corporation is an American multinational financial services and bank holding company headquartered at One Congress Street in Boston, Massachusetts. Founded in 1792, tracing its roots to Union Bank, it is recognized as the second-oldest continuously operating U.S. bank. The company's core mission is to help create better outcomes for the world's investors and the people they serve, operating as a trusted partner to institutional investors globally.

State Street provides a comprehensive range of financial products and services across three primary divisions: Investment Servicing (formerly Global Services), Investment Management (formerly Global Advisors), and Global Markets. These offerings include custody, fund accounting, and administration, asset management (including mutual funds, exchange-traded funds, and index funds), and investment research and trading services for foreign exchange, equities, fixed income, and derivatives. Notably, State Street pioneered the first exchange-traded fund (ETF), the SPDR S&P 500 Trust ETF, in 1993.

As of late 2025, State Street is one of the world's largest asset managers and custodians, with approximately $5.7 trillion in assets under management and $54 trillion under custody and administration. Ronald P. O'Hanley serves as the Chairman and CEO. Recent activities in 2026 include a planned 10% dividend increase, the expansion of its low-cost core suite with a new Nasdaq 100 ETF, and the launch of a State Street Stablecoin Reserves Money Market Fund, reflecting its focus on digital asset innovation. The company is considered a systemically important bank by the Financial Stability Board.