State Street Global Advisors Expands Presence in Canada

    Mayor David Miller to Deliver Remarks at Office Opening Reception

    TORONTO, October 11 /CNW/ - State Street Global Advisors (SSgA), the
investment management arm of State Street Corporation (NYSE:   STT), and largest
institutional fund manager in the world(1), today announced its expanded
presence in Toronto with new office space at one of Toronto's signature office
buildings, TD Canada Trust Tower located at 161 Bay Street. To mark the event,
Mayor David Miller will deliver remarks at an opening reception later today.
Also in attendance will be Otello Sturino, chief operating officer for SSgA,
Gregory Chrispin, president and managing director of SSgA in Canada, and
representatives from the business and investment community in Toronto.

    "The growth of our office in Toronto emphasizes our commitment to having
a strong presence in Canada, the eighth largest economy in the world, and an
important part of SSgA's global strategy," said Sturino. "From our new
facility, we will continue to address the current and anticipated needs of our
clients with investment solutions that span all asset classes and across the
risk return spectrum."

    SSgA serves more than 120 institutional clients throughout Canada
including corporations, pension funds, endowments, insurance companies and
government agencies.

    "Although we are a global company," said Chrispin, "we are steadfast
about working closely with our clients where they live and work. An integral
part of our success has been our commitment to attracting, developing and
retaining local talent with unique insight and perspective about local
regulatory requirements and business practices to provide customized solutions
to our clients."

    Since the opening of its first office in Canada in 1991, SSgA has
established itself as one of the leading providers of investment management
solutions and today ranks as the fifth largest institutional asset manager in
Canada(2). The group has grown from fewer than 10 employees in 1991 to more
than 100 across Canada.

    Recently, SSgA launched Canadian Index Plus Edge, a part of SSgA's
burgeoning family of "Edge" or 130/30-type investments. Canadian Index Plus
Edge builds on SSgA's prowess as a disciplined manager of long-short equity

    Earlier this year, SSgA announced a series of management changes to
strengthen its management leadership position and support future growth
opportunities. Gregory Chrispin was named head of SSgA's business and
operations in Canada, Peter Lindley was appointed vice president and head of
investments in Canada and Dawn Jia to head of active and enhanced equity in
Canada. Bob Weston, a 10-year veteran of SSgA will continue to lead business
development, relationship management and consultant relations activities in

    About State Street Global Advisors

    State Street Global Advisors, the investment management arm of State
Street Corporation (NYSE:   STT), delivers investment strategies and integrated
solutions to clients worldwide across every asset class, investment approach
and style. With $1.9 trillion in assets under management as of June 30, 2007,
State Street Global Advisors has investment centers in Boston, Hong Kong,
London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich,
and offices in 25 cities worldwide. For more information, visit State Street
Global Advisors at

    (1) Source: Pensions & Investments magazine

    (2) Source: Benefits Canada

For further information:

For further information: State Street Corporation Marie McGehee,
617-664-1898 or Environics Communications Trish Tervit, 416-969-2768

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