STT

State Street Reports Second-Quarter 2023 Financial Results

Retrieved on: 
Friday, July 14, 2023
Asset Management, Professional Services, Finance, Telephone, NYSE, State, State Street Corporation, STT, News, Conference, Consumer electronics

State Street Corporation (NYSE: STT) reported its second-quarter 2023 financial results today.

Key Points: 
  • State Street Corporation (NYSE: STT) reported its second-quarter 2023 financial results today.
  • The news release, presentation, and additional financial information can be accessed on State Street’s Investor Relations website, http://investors.statestreet.com .
  • A conference call to discuss the firm’s financial results, outlook and related matters will be held at 10:00 a.m.
  • The conference call will be accessible via audio webcast on State Street’s Investor Relations website, http://investors.statestreet.com , and by telephone at (+1) 888-886-7786 (Conference ID# 22754162).

Sterling Trading Tech Continues 2023 Restructuring of Executive Leadership, Names Brendan O’Sullivan Chief Operating Officer

Retrieved on: 
Thursday, July 13, 2023
Professional Services, Data Management, Technology, Software, Finance, Fintech, Internet, Eye, Growth, NYSE Technologies, STT, Risk, Management, Sterling

Sterling Trading Tech (STT), a leading provider of proprietary order management systems, risk and margin solutions, and trading platforms for the capital markets worldwide, announced today the appointment of industry veteran Brendan O’Sullivan as Chief Operating Officer.

Key Points: 
  • Sterling Trading Tech (STT), a leading provider of proprietary order management systems, risk and margin solutions, and trading platforms for the capital markets worldwide, announced today the appointment of industry veteran Brendan O’Sullivan as Chief Operating Officer.
  • This announcement follows previous strategic announcements of Jennifer Nayar appointed as CEO last year and Keith Cacciola as Chief Customer Officer at the beginning of 2023.
  • Brendan’s appointment is critical as Sterling continues its growth via the restructuring of and expansion in products, technology, client segments, asset classes, and global reach.
  • “Brendan brings broad experience and deep operational expertise, and the COO position is now essential to our executive leadership as we grow Sterling,” said Sterling Trading Tech President & CEO, Jen Nayar.

State Street Continues Latin America Growth; Announces Global Custody Mandate with Confuturo

Retrieved on: 
Wednesday, July 12, 2023
Professional Services, Other Professional Services, Insurance, Finance, Asset Management, Banking, Banco Comercial do Atlântico, STT, State Street Corporation, Head, State Street, FX, Region, Health, NYSE, Financial services, Cryptocurrency

State Street Corporation (NYSE:STT) today announced that it has been appointed to provide custody and fund order services for Confuturo, a Chile-based insurance company that offers flexible, health, temporary life, travel insurance, and pensioned consumer credit solutions.

Key Points: 
  • State Street Corporation (NYSE:STT) today announced that it has been appointed to provide custody and fund order services for Confuturo, a Chile-based insurance company that offers flexible, health, temporary life, travel insurance, and pensioned consumer credit solutions.
  • As one of the world’s leading global custodians, State Street offers a comprehensive suite of custody services, such as safekeeping and settlements, corporate actions, proxy services network management, cash management and real-time reporting.
  • “We are very pleased to announce this mandate with Confuturo, as it continues our firm’s growth and momentum in Chile and more broadly across Latin America,” said María Ximena Vásquez Barbosa, Regional sales head - Latin America & The Caribbean for State Street.
  • Today’s announcement strengthens State Street growth in Latin America over the past several years.

State Street to Provide Data-Driven Geopolitical Risk Insights to Clients

Retrieved on: 
Tuesday, July 11, 2023
Banking, Data Analytics, Professional Services, Finance, State, STT, Politics, State Street Global Advisors, State Street Corporation, Research, State Street, Algorithm, NYSE, Economics, Cryptocurrency, Risk management

The GeoQuant indicators measure and predict political risk daily and systematically with a fusion of PhD-level political and computer science.

Key Points: 
  • The GeoQuant indicators measure and predict political risk daily and systematically with a fusion of PhD-level political and computer science.
  • GeoQuant is also developing, with input from State Street, a new indicator designed to capture the links between geopolitical risk and market risk.
  • This capability enhances State Street Global Markets’ market-leading research franchise1 for the firm’s institutional clients globally.
  • "State Street is an ideal partner for integrating political risk more systematically into investment research, and ultimately investment decisions.

State Street Appoints Jessica Donohue to Head of Global Investment Insights, Sustainability and Impact

Retrieved on: 
Monday, July 10, 2023
Finance, Banking, Environment, Professional Services, Sustainability, State, Partnership, University, STT, State Street Corporation, Brandeis University, Research, Amedeo Maiuri, State Street, Retirement, Associate, NYSE, Management

State Street Corporation (NYSE: STT) announced today that it has appointed Executive Vice President Jessica Donohue as head of Global Investment Insights, Sustainability and Impact.

Key Points: 
  • State Street Corporation (NYSE: STT) announced today that it has appointed Executive Vice President Jessica Donohue as head of Global Investment Insights, Sustainability and Impact.
  • She will report to Lou Maiuri, president, chief operating officer, and head of Investment Services.
  • In this role, Donohue will oversee State Street’s sustainability efforts with a focus on delivering insights to our clients and the industry.
  • She also served as Chief Innovation Officer and Head of Advisory and Information Solutions for Global Exchange (now State Street Alpha℠) and head of Performance & Analytics for Investment Services.

State Street Enters Colombian Market to Support Continued Growth in Latin America

Retrieved on: 
Monday, July 10, 2023
Banking, Asset Management, Professional Services, Finance, Zambrano, Growth, State, BNP Paribas, State Street Corporation, State Street, STT, NYSE, Drug, Citibank, LATAM

State Street Corporation (NYSE: STT) announced today its expansion into Colombia, scaling its servicing capabilities for institutional clients in Latin America.

Key Points: 
  • State Street Corporation (NYSE: STT) announced today its expansion into Colombia, scaling its servicing capabilities for institutional clients in Latin America.
  • Zambrano is based in Bogota and will report to Maria Ximena Vasquez, State Street’s head of Sales for Latin America and The Caribbean (ex Brazil).
  • State Street’s new office in Colombia continues the firm’s expansion of its Latin America coverage, building upon its first-in-class client capabilities in the region.
  • “State Street’s growth in the LatAm region is further solidified by this strategic expansion in Colombia,” said Marcia Rothschild, State Street head of Latin America and The Caribbean.

State Street Corporation Announces Preliminary Stress Capital Buffer Requirement and the Intention to Increase its Quarterly Common Stock Dividend by 10% to $0.69 per share

Retrieved on: 
Friday, June 30, 2023
Professional Services, Communications, Finance, Consulting, Banking, Public Relations, Investor Relations, State, STT, Share repurchase, Disclosure, State Street Corporation, CCAR, Federal, Consumer Protection Act, State Street, Nature, Dodd–Frank Wall Street Reform and Consumer Protection Act, SCB, NYSE, Basel

State Street’s well-positioned balance sheet and strong capital position were highly resilient under the severely adverse economic conditions of the 2023 CCAR exam.

Key Points: 
  • State Street’s well-positioned balance sheet and strong capital position were highly resilient under the severely adverse economic conditions of the 2023 CCAR exam.
  • State Street’s Board of Directors will consider the common stock dividend at a regularly scheduled board meeting in the third quarter of 2023.
  • The common share repurchase program does not have specific price targets and may be suspended at any time.
  • This release follows the earlier announcement of the Federal Reserve’s supervisory stress test results for covered institutions, including State Street, based on its own methodology.

ST Telemedia Global Data Centres and Firmus Technologies Forge Partnership to Build a Global Network of Sustainable AI Factories

Retrieved on: 
Thursday, June 22, 2023
Cloud, Graphics processing unit, Sustainability, Infrastructure as a service, SLA, Partnership, STT, Hypercube, Deep learning, AI, GDC, Thought, PUE, NVIDIA, Immersion, OEM, Supermicro, CO2, GPU, SMC, Tutoring, Medical device, Typesetting, Video game, Firmus

Collaborative venture aims to provide cost-effective, large-scale and sustainable GPU and AI cloud services for the AI & visual computing era

Key Points: 
  • Singapore, Singapore--(Newsfile Corp. - June 22, 2023) - ST Telemedia Global Data Centres (STT GDC), a leading Singapore-based data centre provider, has announced a significant investment into a global venture with Firmus Technologies (Firmus), a leader in highly scaled immersion cooled computing platforms.
  • The HyperCube will be hosted within STT GDC locations globally, to deliver Sustainable AI Factories that are all at once sustainable, scalable, high performance and cost effective.
  • SMC will leverage Firmus' proprietary, scaled, immersion-cooled platform - the 'HyperCube' - hosted within global STT GDC locations, to deliver Sustainable AI Factories that are all at once sustainable, scalable, high performance and cost effective[1].
  • This offering will be underpinned by STT GDC's globally recognised and award-winning data centres," said Ted Pretty, Firmus Technologies Chairman.

ST Telemedia Global Data Centres and Firmus Technologies Forge Partnership to Build a Global Network of Sustainable AI Factories

Retrieved on: 
Thursday, June 22, 2023
Cloud, Graphics processing unit, Sustainability, Infrastructure as a service, SLA, Partnership, STT, Hypercube, Deep learning, GDC, Thought, PUE, NVIDIA, Immersion, OEM, Supermicro, CO2, GPU, SMC, Medical device, Tutoring, Video game, Cryptocurrency, Renewable energy, Firmus, AI

The HyperCube will be hosted within STT GDC locations globally, to deliver Sustainable AI Factories that are all at once sustainable, scalable, high performance and cost effective.

Key Points: 
  • The HyperCube will be hosted within STT GDC locations globally, to deliver Sustainable AI Factories that are all at once sustainable, scalable, high performance and cost effective.
  • SMC will leverage Firmus' proprietary, scaled, immersion-cooled platform – the 'HyperCube' – hosted within global STT GDC locations, to deliver Sustainable AI Factories that are all at once sustainable, scalable, high performance and cost effective[1].
  • This offering will be underpinned by STT GDC's globally recognised and award-winning data centres," said Ted Pretty, Firmus Technologies Chairman.
  • "The future of data centres will rely on the ability to provide both exceptional performance and highly sustainable services at scale.

ST Telemedia Global Data Centres Thailand Earns Frost & Sullivan's 2023 Company of the Year Award for Meeting the Growing Digital Infrastructure Demand

Retrieved on: 
Wednesday, June 21, 2023
STT, Automotive Executive of the Year Award, USGBC, OTT, Research, ICT, SAN, Water, Certification, Biophysical environment, U.S. Green Building Council, Frost, Renewable energy, Management

SAN ANTONIO, June 21, 2023 /PRNewswire/ -- Frost & Sullivan recently researched the data center services industry and, based on its findings, recognizes STT GDC Thailand with the 2023 Company of the Year Award. STT GDC Thailand is a leading hyperscale colocation data center services provider that focuses on supporting the growing demand for digital infrastructure from over-the-top (OTT) enterprises. The company has a strong commitment to expanding its data centers in strategic locations to gain a competitive advantage and create exceptional value for existing and potential customers. Currently, STT GDC Thailand operates the STT Bangkok 1 facility in Hua Mak, Bangkok, and another is under construction to drive its rapid expansion in the Thai market.

Key Points: 
  • SAN ANTONIO, June 21, 2023 /PRNewswire/ -- Frost & Sullivan recently researched the data center services industry and, based on its findings, recognizes STT GDC Thailand with the 2023 Company of the Year Award.
  • STT GDC Thailand is a leading hyperscale colocation data center services provider that focuses on supporting the growing demand for digital infrastructure from over-the-top (OTT) enterprises.
  • Furthermore, STT GDC Thailand is strengthening its current network of hyperscale data centers by leveraging cutting-edge technologies and implementing best practices in business operations.
  • The company fully complies with international best practices in data center security and environmental sustainability, pledging carbon-neutral data center operations by 2030.