State Street issues comment on securities finance reports
February 8, 2019
Garrett A. Wollman - The Archives @ BostonRadio.org

Asked to respond to reports that it is letting securities finance staff go, State Street has issued the following short comment.

"Securities Finance is committed to creating a high performing organization in line with State Street's broader strategic goals. To deliver this, we are restructuring our business to move towards a more integrated and agile model.

"This new model will enable us to better leverage our talent, provide stronger client and counterparty coverage globally and contribute to the firm's goal of creating the industry's first-ever global, interoperable, front-to-back platform."

Not a word (so far) about letting four senior executives go, as at least one specialist trade publication has reported...





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

Asked to respond to reports that it is letting securities finance staff go, State Street has issued the following short comment.

"Securities Finance is committed to creating a high performing organization in line with State Street's broader strategic goals. To deliver this, we are restructuring our business to move towards a more integrated and agile model.

"This new model will enable us to better leverage our talent, provide stronger client and counterparty coverage globally and contribute to the firm's goal of creating the industry's first-ever global, interoperable, front-to-back platform."

Not a word (so far) about letting four senior executives go, as at least one specialist trade publication has reported...



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site