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State Street Receives Industry Awards for Client Service and Technology Excellence in Enterprise Market Risk Management

Wednesday, April 3, 2019

State Street Corporation, one of the world's leading providers of financial services to institutional investors, recently announced that State Street Global Exchange® has been recognized for its excellence in client service, technology and analytical techniques by Celent, a research, advisory and consulting firm focused on financial services technology. Celent is a division of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies.

State Street Global Exchange was awarded Celent’s “XCelent Advanced Technology and Analytics” award, which recognizes State Street’s cutting-edge investments in using natural language processing and machine learning to enhance its portfolio and investment risk offerings. They also noted State Street’s cohesive architectural vision, strong product roadmap and innovative approaches to solving existing problems.

State Street Global Exchange also received Celent’s “XCelent Customer Base and Presence” honor, based on the company’s track record and reputation as “ahead of the curve” across asset managers, asset owners, and hedge fund managers, through its research and creation of leading investment analytics and risk management tools.

“We are thrilled to be recognized by Celent for our technology expertise across our client services and portfolio and investment risk offerings,” said Mark McKeon, head of Analytics for State Street Global Exchange. “State Street is committed to delivering consistent excellence in our investment value chain through the use of innovative technologies, as we work to produce next-generation capabilities for our clients. Our outsourced Enterprise Risk Management solution is being utilized by some of the world’s largest asset managers and asset owners to provide them with an enterprise view of risk and performance and consolidated views of their investment portfolio.”

Celent determined awardees based on an evaluation of enterprise solutions that provide portfolio and investment risk management for front-office and risk-management stakeholders, examining each company’s strengths and weaknesses across various dimensions related to firmwide risk aggregation, performance and risk attribution, total portfolio monitoring and control, stress testing, as well as liquidity analysis and risk-centric regulatory reporting. Read more