“Today marks a new chapter in our story – one that reflects our values, honours our rich heritage, and brings our vision for the future into sharper focus,” said Yie-Hsin Hung, President and Chief Executive Officer of State Street Investment Management. “Our new brand underscores our mission of investing in our clients as they invest in the markets, delivering tailored solutions, and prioritising partnerships.”

In developing the new brand identity, State Street conducted research and solicited input and feedback from clients, investors and employees around the world. The update puts a stronger focus on the firm’s “One State Street” approach that aims to enhance collaboration across State Street Corporation and expand offerings for the benefit of investors globally.

Founded in 1978 and headquartered in Boston, State Street Investment Management is the fourth-largest asset manager in the world*, managing approximately $4.67 trillion in assets† and serving a spectrum of clients, from institutional and individual investors to plan sponsors and financial advisors.

“State Street Investment Management is an essential partner to investors, offering them unparalleled expertise, unique insights, and both innovative and cost-effective solutions,” said John Brockelman, Chief Marketing Officer for State Street Investment Management. “We’re excited to unveil a new brand that communicates that promise. These changes to our brand strengthen our value proposition, simplify the way we go to market, and improve our clients’ experience across State Street.”

“To us, the word ‘investment’ is not just about the capital markets,” said Hung. “As a firm, we’re investing in our relationships, investing in innovation and investing in the future. We’re helping secure better outcomes for our clients, and we’re pleased to present a new brand name that reflects this.”

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*Pensions & Investments Research Center, as of 12/31/24.

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Meaghan Victor

State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSE: STT), has announced a strategic investment in Raiz Invest Limited (ASX: RZI), a leading Australian fintech platform that helps customers grow their wealth by helping them to save and invest. The parties have entered into an equity investment agreement (the “Initial Share Purchase”) as part of a strategic relationship pursuant to which State Street Global Advisors will acquire approximately 5 percent of Raiz’s share capital through a placement.

In addition, the strategic relationship will see State Street Global Advisors’ trusted brand and deep knowledge of markets come together with Raiz’s mobile-first platform, which helps Australian retail investors with micro-investments primarily in exchange-traded funds (ETF) and model portfolios. Leveraging State Street Global Advisors’ international library of resources, insights and trends, Raiz customers will have access to a broader array of financial literacy content and investment education tools.

“We are excited to expand our relationship with Raiz, a proven fintech leader in bringing important tools and educational resources to investors across the region. This strategic investment reinforces our strategy to join forces with wealth firms who share our commitment to help investors globally manage their investments and savings for retirement,” said Yie-Hsin Hung, President and CEO for State Street Global Advisors.

State Street Global Advisors’ SPDR^® S&P/ASX 200 Fund (ASX: STW) is currently the largest single fund holding in the model investment portfolios provided by Raiz to its customers. The asset manager’s SPDR^® MSCI Australia Select High Dividend Yield Fund (ASX: SYI) and SPDR^® S&P^® Global Dividend Fund (ASX: WDIV) are also available on Raiz.

State Street Global Advisors Head of Intermediary Asia Pacific, Meaghan Victor, said deepening the existing relationship with Raiz reinforces State Street Global Advisors’ commitment to the Australian market. “This investment is a natural extension of the successful relationship we have enjoyed with Raiz since launch in 2016. Both of us share a passion for making financial tools and solutions accessible to all investors, and through this strategic arrangement we will leverage our respective capabilities to help Australian investors plan and save for retirement.”

 Raiz Managing Director and CEO, Brendan Malone, said the strategic relationship would see Raiz and State Street Global Advisors work more closely together to create innovative savings and investment insights and education for customers. “From learning about investments in ETFs through to more complex investment strategies such as superannuation retirement portfolios, we look forward to continuing our relationship with State Street Global Advisors on educational tools for all stages of a customer lifecycle.

“Raiz’s Australian customers, who range from beginners to experienced investors, will benefit significantly from the global resources that we can provide through this strategic arrangement. Between Raiz’s technology and State Street Global Advisors’ global investment capabilities and markets expertise, there are great opportunities for innovation in the Raiz product offering.” 

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Reporting to State Street Global Advisors CEO Yie-Hsin Hung, Ferrarelli will be responsible for delivering world-class technology, systems and operational infrastructure that will support the business across all asset classes, client segments and geographies.

“We are thrilled to welcome James to State Street Global Advisors as our chief operating officer,” said Hung. “I look forward to him joining our leadership team and working with him to implement a strategic vision aimed at building a top-tier operations and technology environment.”

James will join State Street Global Advisors from Charles Schwab where he served as the chief information officer of their wealth and asset management divisions. In that role, he was responsible for technology strategy, application design and development, third-party product integration and production management of the technology platforms supporting the business enterprises within the corporation.

“I am excited to join the dynamic leadership team at State Street Global Advisors as Chief Operating Officer,” said Ferrarelli. “Leveraging my industry experience, I am eager to help boost efficiency, quality and scalability that will position the firm for continued success in the years to come.”

Before working at Schwab, James held senior technology leadership roles at J.P. Morgan Asset Management and at Morgan Stanley Investment Management. Ferrarelli earned a Bachelor of Science in computing information systems from the University of Manchester in the United Kingdom.

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