Summary
State Street is one of the world’s largest custody banks and, through State Street Global Advisors (SSgA), provides asset-management products and services. Custody clients include mutual fund companies and other investment managers, corporations, public pension funds, unions and nonprofit organizations. State Street provides custody and management of customers’ assets; accounting, daily pricing, and administration of their funds; the information and analytical tools that help them make investment decisions; and the foreign-exchange, cash-management, credit, and electronic-trading services that help them negotiate global financial markets. SSgA manages the popular SPDR series of exchange-traded index funds.
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Source: finance.yahoo.com