Source: State Street
State Street Corporation (NYSE:STT), the world's leading provider of services to institutional investors, announced today that it has added to its portfolio performance and analytics capabilities with technology and data enhancements that enable customers to evaluate the governance attributes of their investment portfolios.
GovernanceMetrics International (BMI), a leader in the field of corporate governance research and reporting, will provide State Street with its governance ratings for thousands of investment securities. State Street will utilize these rankings to enhance its proprietary performance analysis and reporting services to provide customers with expanded analysis and increased risk management of their investment portfolios. GMI is the first of multiple sources to be made available within State Street's corporate governance analysis service.
"We are very excited to be including the GMI data in our analytical offering. The GMI data provides our clients with valuable information to help them detect and mitigate risk more comprehensively," said Richard Galligan, senior vice president and head of State Street's analytics team.
Recent industry surveys show that organizations are taking the corporate governance concern seriously, and have increased their efforts to find new ways to evaluate their portfolios.
"State Street has been at the vanguard of delivering innovative value added solutions for its customers. From technology innovation to providing counsel as our customers navigate the changing regulatory environment, we remain at the forefront of the industry," continued Galligan. "Now, more than ever, investors are demanding more transparency and information to make informed investment decisions. State Street is well positioned to meet this need, offering the most comprehensive services in the industry."
State Street's corporate governance service enables clients to analyze their portfolio investment profile based on the governance rankings of their securities. Customers can analyze their portfolios relative to benchmarks and in comparison to their peer portfolios.