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 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.
Credit Suisse has put its $17.2bn European exchange-traded fund business up for sale, according to sources familiar with the matter.
Four of the 10 largest shareholders at State Street are said to be agitating for the removal of the firm’s CEO or CFO amid growing frustration at its stagnant share price and the pace of cost-cutting.
State Street Corporation has announced the release of its full 2011 corporate responsibility report. Published annually since 2004, the report highlights the company’s environmental, social and governance (ESG) performance over the past year, and its goals for the future.
Now here's an interesting one.
Goldman Sachs cut jobs and compensation for employees as first-half revenue dropped to the lowest since 2005.
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.
Here's a few links to some interesting Bloomberg, MarketWatch, New York Times and Reuters stories currently doing the rounds.
Here's some links to a few interesting Bloomberg, New York Post and Reuters stories currently doing the rounds.
Here's a few links to some interesting Bloomberg, CNBC, Daily Telegraph, Financial Times, New York Times and Reuters stories currently doing the rounds.
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 improper...gift-giving'. 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.
Here's a league table of funds under custody at the large global custodians as at 30.06.06:
We asked our readers to let us have their views on where the FSTE 100 and Dow Jones Industrial Average would be as at the end of June.
State Street Corporation have announced that its Board of Directors has appointed Michael (Mike) F. Rogers to president and chief operating officer (COO). He will continue to report to Jay Hooley, chairman and CEO of State Street.
Here's a list of 11 financial institutions busy laying off staff.
We're trying to identify the two firms which have the best Graduate Recruitment & Development Programme (one for firms taking on less than 50 graduates each year, one for firms taking on 50 plus). And helping us is graduate recruitment and development specialists Graduate Solutions.
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.
We thought it would be interesting to see how good our readers are at predicting where the equity markets were heading in the first quarter.
State Street Global Markets has announced the appointment of John Minderides to head of its portfolio solutions business for Europe, the Middle East and Africa (EMEA).