Contact Identification
Name: Joji George
Company: State Street Corporation
LinkedIn: [https://www.linkedin.com/in/joji-george-70169310/](https://www.linkedin.com/in/joji-george-70169310/)
Company Overview
State Street Corporation is a leading global financial services company specializing in investment servicing, markets and financing, and investment management. It holds a significant position within the asset management and custodian industries.
- Website / Domain: [www.statestreet.com](https://www.statestreet.com)
- Industry: Financial Services – Asset Management and Custody
- Global Reach: Operates internationally with strong institutional and market capabilities
- ETF Market Position: World's largest ETF servicer and third-largest sponsor, servicing an ETF marketplace valued at approximately $14.7 trillion (2024 annual report)
Financial Metrics and Performance (Recent and Historical)
Revenue
- 2024 Full-Year Revenue: Approximately $12.9 billion (up 8.6% year-over-year from 2023)
- 2023 Revenue: Approximately $11.94 billion
- Trailing Twelve Months (TTM) Revenue (2025): Approximately $13.34 billion
Assets Under Management (AUM) and Custody
- AUM: Approximately $4.7 trillion (as of year-end 2024)
- Assets Under Custody and Administration (AUC/A): Approximately $46.6 trillion (2024)
Profitability
- Net Income (2024): Approximately $2.48 billion
- Diluted Earnings Per Share (EPS) 2024: $8.90 (reported in trailing twelve months)
- Fourth Quarter 2024 EPS: $2.46 ($2.60 excluding notable items)
- Pre-Tax Margin: Approximately 28% (FY 2024)
- Return on Equity (ROE): Approximately 12.7% (FY 2024)
Expenses and Other Financials
- Non-Interest Expense (FY 2024): Approximately $9.5 billion
- Net Interest Income Growth: Up 6-10% during recent quarters
- Credit Loss Provisions: Approximately -$80 million (FY 2024)
Business Structure and Strategy
State Street operates through two primary lines of business:
1. Investment Servicing: Including custody, fund administration, and related services.
2. Investment Management: Formerly under State Street Global Advisors (now State Street Investment Management), focusing on creating original investment solutions and outcomes for investors.
The company emphasizes innovation, trust, and client service, particularly in the ETF space, where it holds a dominant servicing and sponsorship role.
Recent Developments and Market Position
- The company achieved 9% revenue growth in FY 2024, largely driven by increases in both fee revenue and net interest income. Fee revenue alone was up 7-13% in recent periods.
- State Street’s strategic focus on the ETF marketplace positions it as an essential partner for institutional investors and financial intermediaries globally.
- Ongoing commitments to asset stewardship included proxy voting at over 24,000 shareholder meetings in 2024, highlighting governance involvement.
Summary
Joji George is associated with State Street Corporation, a top-tier global financial services firm managing trillions in assets and holding a commanding presence in the ETF servicing industry. The company demonstrated consistent revenue growth, profitability, and robust financial health throughout 2023 and 2024, with fiscal 2024 revenue totaling nearly $13 billion and AUM exceeding $4.7 trillion.
State Street.com serves as the corporate domain representing the company’s global digital presence. Financial data indicates operational scale and effectiveness in a highly competitive market sector, underscored by significant advancements in ETF servicing and investment management solutions.
This profile delineates the company’s solid market position and financial resilience, providing a clear framework for understanding the context within which Joji George operates.
