Market Overview

State Street Appoints Andrew Allright to CEO of InfraHedge


Managed Accounts Business Also Awarded the 2018 Porter Prize by Harvard
Business School's Institute for Strategy and Competitiveness

State Street Corporation (NYSE:STT) today announced the appointment of
Andrew Allright as CEO of InfraHedge, the firm's dedicated managed
account business. Allright has been with InfraHedge since it launched in
2011, and has played a key role in growing the business to become the
global leader in servicing managed accounts. With more than $30 billion
of client assets, InfraHedge designs, builds and operates dedicated,
customized platforms for institutional investors to effectively manage
their third-party investment programs.

"The InfraHedge business has shown tremendous growth over the last few
years," said George Sullivan, global head of State Street's Alternative
Investment Solutions business. "I look forward to Andrew and his team
driving it through the next stage of its development by taking advantage
of the attractive market environment. Managed accounts are increasingly
becoming the preferred choice for institutional investors, and we have
great confidence in the attractiveness of our platform business which
has been designed since inception to focus entirely on the needs of
investors in order to help generate the best possible outcomes."

Allright will continue to lead a longstanding team comprising Ravi
Raman, chief operating officer, as well as new hires including Robert
Vanderpool, president of InfraHedge North America, and Lizzy Buss, head
of EMEA and APAC business development.

InfraHedge was also recently awarded the 2018 Porter Prize, in the
category "Platforms, Smart Connected Products and Solutions", by the
Institute for Strategy and Competitiveness at Harvard Business
School. It is the first time an organization associated with the hedge
fund industry has won this prize.

The award recognized InfraHedge for:

  • Expanding opportunities for new functionality, greater reliability,
    higher product utilization;
  • Offering capabilities that cut across and transcend traditional
    product boundaries; and
  • Building capabilities within enterprises to rethink and retool nearly
    everything they do internally.

"We are thrilled that InfraHedge has been honored with a Porter Prize,"
said Allright. "We have built a diverse and experienced team who are
focused on meeting and exceeding the expectations of our clients, and we
are committed to continuing to help move the industry forward."

The Porter Prize, named after Harvard Business School Professor and
leading management thinker Michael E. Porter, is awarded to companies
for their strategic acumen across several parameters. Porter Prizes were
awarded to ten companies in eight different categories following
applications from more than 250 firms. Click here
for full details.

To learn more about InfraHedge, click here.

About State Street Corporation

State Street Corporation (NYSE:STT) is one of the world's leading
providers of financial services to institutional investors, including
investment servicing, investment management and investment research and
trading. With $33.90 trillion in assets under custody and administration
and $2.70 trillion* in assets under management as of June 30, 2018,
State Street operates in more than 100 geographic markets worldwide,
including the US, Canada, Europe, the Middle East and Asia. For more
information, visit State Street's website at

*Assets under management include the assets of the SPDR® Gold ETF and
the SPDR® Long Dollar Gold Trust ETF (approximately $33 billion as of
June 30, 2018), for which State Street Global Advisors Funds
Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State
Street Global Advisors are affiliated.


State Street Corporation, One Lincoln Street, Boston, MA 02111-2900

The information contained in this communication is not a research
recommendation or ‘investment research' and is classified as a
‘Marketing Communication' in accordance with the Markets in Financial
Instruments Directive (2014/65/EU) or applicable Swiss regulation. This
means that this marketing communication (a) has not been prepared in
accordance with legal requirements designed to promote the independence
of investment research (b) is not subject to any prohibition on dealing
ahead of the dissemination of investment research.

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