State Street Strengthens Sales Team Focused on Us Corporate Pension Market

    BOSTON, June 7 /CNW/ - State Street Corporation (NYSE:   STT), the world's
leading provider of financial services to institutional investors, today
announced the appointment of Thomas E. Eichenberger to senior director of
business development for State Street's institutional investor sales team.
Eichenberger joins State Street from Bank of New York and will be responsible
for sales efforts and outreach to the US corporate pension market. He will
report to Jay Carty, senior vice president and head of sales for State
Street's institutional investor services.

    Eichenberger has held leadership roles in relationship management for
more than 20 of his 25 years in the financial services industry, focusing on
enhancing product offerings and customer satisfaction. At Bank of New York he
served as managing director overseeing a national team of relationship
managers providing master trust and custody services for public and corporate
funds, endowments, foundations, Taft-Hartley plans, insurance companies and

    "State Street is committed to building dynamic, long-term customer
partnerships, which is why approximately 75 percent of our new revenue comes
from expanded relationships with existing customers," said Carty. "Given the
recent regulatory changes within the US marketplace and the adoption of the
Pension Protection Act, our customers are seeking additional product
capabilities and services to help reposition their pension offerings. Tom has
a depth of experience generating new business opportunities and enhancing
product offerings and his broad knowledge of the corporate pensions market
will be a valuable addition to our team."

    State Street is the leading investment service provider to the US
corporate and public pension funds market, servicing approximately 37 percent
of US tax-exempt assets.

    About State Street

    State Street Corporation (NYSE:   STT) is the world's leading provider of
financial services to institutional investors including investment servicing,
investment management and investment research and trading. With $12.3 trillion
in assets under custody and $1.8 trillion in assets under management at March
31, 2007, State Street operates in 26 countries and more than 100 geographic
markets worldwide. For more information, visit State Street's web site at

For further information:

For further information: State Street Corporation Steve Maguire, + 1

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890