State Street Corporation (NYSE: STT) announced today that it achieved the top ranking in the 2012 Global Investor/ISF Equity Lending Survey.
Within its peer group of the largest 20 equity lenders worldwide, State Street ranked No. 1 for the fifth consecutive year 1, topping the weighted regional tables in the Americas, EMEA and Asia Pacific. State Street was also the leader in 11 out of 19 service categories and operational sub-categories.
“We’re honored to once again receive this recognition for our equity lending service,” said Nick Bonn, executive vice president and head of Securities Finance and Portfolio Solutions at State Street. “The top rankings achieved by State Street reflect our commitment to delivering flexible, customized securities lending solutions that aim to maximize returns for our clients.”
The annual Global Investor/ISF survey, a major performance benchmark for the equity financing industry, asks lenders and borrowers to rate their counterparts across a number of service categories and geographic regions.“State Street once more retained its preeminent position among lenders,” the survey editors reported. One respondent quoted in the survey called State Street “always the market leader in terms of availability, breadth and depth of supply, stability, relationship management, and product knowledge.” State Street has been ranked among the top equity lenders in the survey for nearly a decade. State Street is a market leader in securities finance with $2.2 trillion in lendable assets (as of December 31, 2011) on behalf of more than 300 clients. 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 $22.4 trillion in assets under custody and administration and $1.9 trillion* in assets under management as of June 30, 2012, State Street operates in 29 countries and more than 100 geographic markets. For more information, visit State Street’s website at www.statestreet.com. * This AUM includes the assets of the SPDR Gold Trust (approx. $66 billion as of June 30, 2012), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the distribution agent.