Despite $89 Million Fine, State Street Nets Cool $81 Million from Alleged Overcharges
SEC’s disgorgement abilities increasingly hampered by 2017 Supreme Court Ruling.
Tag: State Street
People Moves Roundup
MSCI strengthens Australia, New Zealand reach, Chicago Trading Co. gets a new CEO, and more.
People Moves Roundup
Hamilton Lane boosts its North American footprint, State Street’s international business grows, and more.
People Moves Roundup
Cambridge Associates promotes two longtime leaders, State Street gets a new COO, and more.
State Street Calls on Boards to Invest in Corporate Culture
Asset manager says culture issue is essential to long-term value creation.
People Moves Roundup
Barclays gets a new Canadian of Financial Institutions Head, Nuveen tops off its advisory services team, and more.
Newsmakers
Former State Street Head Sentenced to 18 Months for Fraud
Ross McLellan and others were adding secret commissions to fixed-income, equity trades with institutional clients between 2010 and 2011.
Corporate Moves
Andrew Allright Named CEO of State Street’s Hedge Arm
Allright replaces InfraHedge’s co-founder Bruce Keith, who left in January.
A Sober Second Half for Institutional Investors
State Street’s Lori Heinel talks with CIO about a tempered global market outlook while health care debate stalls progress on tax code overhaul.
Newsmakers
Missouri Pension Fund Awarded $123 Million in State Street Suit
Fund accused financial services firm of violating asset management duties.
Women Mean Returns
The night before International Women’s Day, a bronze statue of a defiant young girl with her hands planted firmly on her hips appeared opposite the large Charging Bull statue...
State Street Hits $2 Trillion in Global ETFs Under Administration
The bank’s big growth area continues to be broad beta ETFs.