State Street Corporation

Global Markets maintains trading desks in Boston, Hong Kong, London, Singapore, Sydney, Toronto, Tokyo and São Paulo .

[18] During the 1980s and 1990s, the company opened offices in Montreal, Toronto, Dublin, London, Paris, Dubai, Sydney, Wellington, Hong Kong, and Tokyo.

[18] By 1992, most of State Street's revenue came from fees for holding securities, settling trades, keeping records, and performing accounting.

In 1995, State Street acquired Investors Fiduciary Trust of Kansas City for $162 million from DST Systems and Kemper Financial Services.

[26] In 1990, State Street Bank Luxembourg was founded, and as of 2018[update] is the largest player in the country's fund industry by assets.

[38] In 2016, State Street launched a program called Beacon, focused on cutting costs and improving reporting technology.

[41] In 2018, State Street completed its acquisition of Charles River Development, a Burlington, Massachusetts provider of investment management software.

[42] The deal closed October 1, 2018, at a cost of approximately $2.6 billion that will be financed by the suspension of share repurchases and the issuing of common and preferred equity.

[45] During that period, the company shifted their workforce from the United States to countries like China, India and Poland and operated under a hiring freeze.

[46][47] In September 2021, State Street agreed to buy Brown Brothers Harriman & Co.'s investor-services business for $3.5 billion in cash.

[49] In 2009, California alleged on behalf of its pension funds CalPERS and CalSTRS that State Street had committed fraud on currency trades handled by the custodian bank.

The Division was investigating the firm's role as the investment manager of a $1.65 billion (USD) hybrid collateralized debt obligation.

The investigation resulted in a fine of $5 million (USD) for the non-disclosure of certain initial investors taking a short position on portions of the CDO.

[52] During the May 2012 annual shareholders meeting, chairman and chief executive Jay Hooley was shouted down on numerous occasions by protesters in relation to the outsourcing and other grievances.

[53] On January 18, 2017, State Street agreed to pay $64.6 million to resolve U.S. investigations into what prosecutors said was a scheme to defraud six clients through secret commissions on billions of dollars of trades.

The statue is an advertisement for an index fund which comprises gender diverse companies that have a higher percentage of women among their senior leadership.