The Executive Interview series will provide you with exclusive interviews with newsmakers, industry leaders, and experts in the technology industry.
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Recently I had the opportunity to sit down with Matt Bartolini, CFA, Vice President and Head of Americas ETF Research at State Street Global Advisors (STT).
State Street is the world's third largest asset management company at the moment with about $2.8 trillion in assets under management. The company traces its origins to 1792 and currently has a market capitalization of roughly $36.3 billion.
In 2017, the company brought in $11.170 billion in revenue for $2.177 billion of pre-adjustment net income. The company brings in revenue from a combination of servicing fees, management fees, trading services fees, processing fees, and net interest income. These are derived from a variety of financial advisory and management services, as well as investment products.
State Street's business segments include its Global Advisors, Global Markets, Global Services, and Global Exchange divisions.
The company runs some of the world's largest ETFs under the SPDR name. Most noteworthy among these is the very popular SPDR S&P 500 Trust ETF (SPY), founded in 1993 as one of the world's first ETFs, and currently with assets of over $265 billion. There also is the SPDR Gold Trust (GLD), with over $35 billion assets, and a large variety of other index and strategy-based funds.
Topics of discussion included: