State Street Corporation (NYSE:STT) has announced that it has been named as the Transition Manager of the Year in The Asset magazine’s 2010 Asset Asian Awards (Triple A). The award recognizes institutions and individuals that make contributions to the development of the financial industry in Asia. The company was recognized for its help with clients across the Asia-Pacific region for the minimization of costs and mitigation of risk in transition management. The awards were presented during a dinner ceremony in Hong Kong on March 25.
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State Street Corporation is a financial holding company. The Company, through its subsidiaries, including its banking subsidiary, State Street Bank and Trust Company provides a range of products and services for institutional investors worldwide. The Company operates in two lines of business: Investment Servicing and Investment Management. These two lines of business provides services to support institutional investors, including custody, record keeping, daily pricing and administration, shareholder services, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loan and lease financing, investment manager and alternative investment manager operations outsourcing, performance, risk and compliance analytics, investment research and investment management, including passive and active United States and non-United States equity and fixed-income strategies.
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