State Street

State Street is a leading financial services provider serving some of the world’s most sophisticated institutions. The company offers a flexible suite of services that spans the investment spectrum, including investment management, research and trading, and investment servicing.

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State Street CFO to Retire in 2013

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State Street Corporation has announced that Executive Vice President and Chief Financial Officer, Edward J. Resch, 60, has informed the company of his plan to retire in 2013, after more than a decade in the role, following the appointment of his successor and an orderly transition of the function.

State Street Appoints Senior Vice President

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State Street has announced the appointment of Dick Taggart to Senior Vice President and head of Middle Office Outsourcing Operations across North America for the Company’s Investment Manager Services business.


Fidelity, FSA, Goldman, Nikko, State Street, Pipe Bombs

The Financial Times reports that US securities regulators have fined Fidelity Investments a total of $3.7m for 'supervisory and e-mail retention failures uncovered during a crackdown on'. The firm was found to have brorken its own ethics and entertainment policies as staff were plied with lavish gifts allegedly in exchange for passing on business.

Guilty Plea From Morgan Stanley Thief

The Deal reports that 37-year-old former Morgan Stanley VP Richard Garaventa pleaded guilty in Manhattan earlier this week to steling $2.5m from the firm. He was accused of taking the money between 2001 and 2008 by writing checks to a dummy company he had incorporated for the fraud.