Contact and Company Overview
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 Domain: www.statestreet.com
Headquarters: 1 Congress Street, Suite 1, Boston, Massachusetts, 02114, United States
Industry: Financial Services
Number of Employees: Approximately 52,000 (2023-2025)
Stock Ticker: NYSE: STT
State Street Corporation Financial and Business Profile
State Street Corporation is one of the world’s leading financial services providers specializing in investment servicing, investment management, and investment research and trading for institutional investors such as asset managers, insurance companies, and central banks. It operates globally across more than 100 geographic markets, employing around 52,000 personnel.
- Assets Under Custody and/or Administration: $41.8 trillion (as of December 31, 2023)
- Assets Under Management (AUM): $4.1 trillion, which includes approximately $64 billion in SPDR® products.
- Revenue:
- $22.1 billion in 2023, reflecting a 20.1% increase year-over-year.
- $12.91 billion in 2024 with projections and trailing 12-month revenue at approximately $13.3 billion.
- Net Profit Margin: Approximately 15.1% for 2023.
- Market Capitalization: Approximately $33.3 billion (2023).
- Net Income Growth: 38.2% increase in 2023 compared to 2022.
- Global Footprint: Strong presence in the US, Canada, Latin America, Europe, the Middle East, and Asia.
Business Operations and Strategic Highlights
- State Street operates two primary business lines: Investment Servicing (including investment services) and Investment Management. Its broader service portfolio includes custody, fund administration, securities finance, and investment analytics to support clients’ investment lifecycles.
- The company leverages its scale and technology platforms such as State Street Alpha® to deliver operational efficiency and market innovation.
- In 2025, State Street expanded its fintech footprint with a minority stake acquisition in Apex Fintech Solutions.
- In 2025, its Charles River Development introduced Enterprise Performance powered by Opturo, representing development in product innovation.
- In August 2025, Columbia Threadneedle Investments appointed State Street to deliver expanded fund accounting, administration, and custody services for pooled funds and ETFs totaling approximately $431 billion in assets.
Financial Performance Insights and Trends
- State Street experienced revenue growth from $11.94 billion in 2023 to $12.91 billion in 2024, indicating sustained business expansion despite market challenges.
- The company has shown resilience through fee revenue growth and increased net interest income influenced by higher interest rates and acquisitions.
- The fourth quarter of 2023 reported a revenue of $3.04 billion, reflecting a 4% year-over-year decrease in that quarter; however, full-year performance advanced notably.
- State Street’s risk appetite index and investor optimism remained positive through mid-2025, underscoring confidence in business trajectory.
Summary of Key Metrics (Latest Available)
| Metric | Value | Date |
|----------------------------------------|--------------------------------------|--------------------|
| Assets Under Custody/Administration | $41.8 trillion | Dec 31, 2023 |
| Assets Under Management (AUM) | $4.1 trillion | Dec 31, 2023 |
| Revenue (Annual) | $22.1 billion | 2023 |
| Revenue (Annual) | $12.91 billion | 2024 (partial/year)|
| Trailing 12 Months Revenue | $13.3 billion | Mid 2025 |
| Net Profit Margin | 15.1% | 2023 |
| Market Capitalization | $33.3 billion | 2023 |
| Number of Employees | 52,014 | 2023 |
Strategic Importance
Joji George is situated within a leading global financial institution whose financial strength, extensive asset management, and servicing capabilities underpin significant influence in institutional investment markets worldwide. State Street’s robust revenue increases and product innovations such as State Street Alpha® and Enterprise Performance powered by Opturo exemplify the firm’s strategic pledge to technology-enabled growth and client servicing excellence. Recent expansions and contract awards, notably a US$431 billion assets contract with Columbia Threadneedle Investments, highlight opportunities for leveraging State Street’s investment servicing scale and technology platform in highly competitive institutional asset management and servicing segments.
This comprehensive profile of Joji George’s employer, State Street Corporation, details not only the scale and scope of the company but also the financial and strategic context in which the contact operates, reflecting both current performance and future market positioning.
