- Summary & Methodology
- Industry Trends
- Transition Manager League Tables
- Transition Manager Profiles
- Abel Noser, LLC
- BlackRock
- BTIG, LLC
- Citigroup Global Markets Inc.
- Macquarie Group Ltd.
- Northern Trust Investments, Inc.
- Pavilion Global Markets Ltd.
- Russell Investments
- State Street Global Markets
Past Surveys
Transition Manager Profiles
State Street Global Markets
www.statestreet.com
Summary of Offering
With more than three-decades of experience managing portfolio transition events and a focus on risk management and cost reduction, State Street’s key attributes include:
- Experience – a global team with extensive experience in planning, managing and trading complex transition events.
- Global Trading Capabilities – 24/6 global trading capabilities with teams and technology purpose built for transition management. State Street’s agency-only model provides alignment with clients, offering transparency and best execution.
- Liquidity – Diverse access to liquidity across multiple asset classes globally, over 100 external brokers and counterparties and enhanced by internal crossing and netting opportunities.
- Transparency – State Street provides timely client communications with transparent and customizable reporting.
Client Restrictions: None
Business Summary (as of 09/30/2020)
| Total TM clients | 351 |
| Total TM mandates | 200 |
| Total assets transitioned ($USD) | >$124.5B |
Regions with Clients that Completed TM Events (2019-2020)
| U.S. | |
| Canada | |
| U.K. | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Summary of Client Feedback from 2020 Survey
| Total respondents | 28 |
| Net recommendation/promoter score | 46% |
| % independently audited | 4% |
| % accepted fiduciary role over event | 83% |
Responses by transition type
| Principal | 11% |
| Agency | 63% |
| Hybrid | 26% |
Responses by value of securities transitioned
| <$50MM | 4% |
| $50MM – $250MM | 32% |
| >$250MM – $1B | 36% |
| >$1B – $3B | 25% |
| >$3B | 4% |
Client ratings
5 = Extremely satisfied; 1 = Unsatisfied
| Transition strategies and planning capabilities | 4.68 |
| Operational capabilities and trading quality | 4.68 |
| Risk management capabilities | 4.57 |
| Quality/transparency of reporting | 4.54 |
| Accuracy of pre-trade estimate | 4.46 |
| Transparency of disclosures | 4.46 |
| Overall project management | 4.68 |
| Knowledge/responsiveness of staff | 4.71 |
NR = Not Reported in time for publication
N/A = Not Applicable (providers needed a minimum of 10 responses to be rated)
N/A = Not Applicable (providers needed a minimum of 10 responses to be rated)