Contact Overview
- Name: Joji George
- Company: State Street Corporation
- LinkedIn Profile: [https://www.linkedin.com/in/joji-george-70169310/](https://www.linkedin.com/in/joji-george-70169310/)
- Company Domain: www.statestreet.com
Company Profile: State Street Corporation
State Street Corporation (NYSE: STT) is a leading global financial services provider predominantly serving institutional investors. The firm operates across investment servicing, investment management, and investment research and trading. Its main banking entity is “State Street Bank and Trust,” underscoring the company’s foundational emphasis on trust-based services.
Financial Overview (FY 2024)
- Revenue: Approximately $12.9 billion, reflecting an increase of 8.6% from fiscal year 2023. (Multiple sources confirm FY 2024 revenue ranging between $12.9B and $13.3B depending on trailing twelve months vs. fiscal year data).
- Net Income: Approximately $2.48 billion, up 36% compared to FY 2023.
- Profit Margin: Rose to 19% from 15% in FY 2023, driven primarily by higher revenues.
- Earnings per Share (EPS): Increased to $8.34 from $5.65 in FY 2023.
- Assets Under Custody and/or Administration (AUC/A): $46.6 trillion as of December 31, 2024.
- Assets Under Management (AUM): $4.7 trillion as of December 31, 2024, including approximately $82 billion relating to SPDR® products.
- Total Assets: Approximately $353 billion (2024 figure).
- Number of Employees: Approximately 53,000 worldwide.
- Operating Expense Highlight: General & Administrative expenses accounted for $6.97 billion (about 67% of total expenses).
Business Segmentation and Growth Drivers
- The Investment Servicing segment contributed the majority of revenues, approximately $10.6 billion (82% of total revenue).
- Fee revenue and net interest income saw notable growth for FY 2024, with fee revenue increasing by approximately 6.3% and net interest income by 5.9%.
- New assets under custody/administration (AUC/A) wins exceeded $1 trillion, and servicing fee revenue wins met an annual target of between $350 million and $400 million.
- State Street is the world’s largest ETF servicer and the third-largest ETF sponsor, driven by the ETF market surge to $14.7 trillion.
- Revenue is forecasted to grow at a compound annual rate of approximately 3.3% over the next three years, which is modest compared to the broader US Capital Markets industry growth forecasted at 5.7%.
Market Position & Competitors
- State Street competes with firms such as the Bank of New York Mellon and other global custody and investment servicing providers.
- The company operates in more than 100 geographic markets worldwide, emphasizing a strong global footprint.
Investor Relations and Public Information Access
- State Street’s investor relations information, including quarterly earnings releases, annual reports, proxy statements, and SEC filings, are available at their dedicated IR portal: [investors.statestreet.com](https://investors.statestreet.com).
- Latest full-year 2024 earnings and financial details were publicly disclosed on January 17, 2025.
- Key contacts for investor relations include Elizabeth Lynn (Global Head of Investor Relations) and Andrew Bell, CFA (Head of Fixed Income Investor Relations).
This comprehensive profiling indicates that Joji George is associated with a financially robust, globally recognized financial institution with strong growth in core servicing segments and consistent expansion in assets under custody and management. The company’s solid financial metrics, strategic positioning in ETFs, and emphasis on institutional servicing mark it as a leader in asset servicing and investment management solutions.
