Executive Interview Series: State Street Corporation

• Recently I interviewed Matt Bartolini, CFA, Vice President and Head of Americas ETF Research at State Street Global Advisors.
• The Executive Interview series provides you with firsthand insight into the technology industry through discussions with newsmakers, industry leaders, and experts themselves.
• State Street Corporation (NYSE:STT), founded 1792, is the world's fourth largest asset management company with about $2.8 trillion assets under management and a market cap of $36.3 billion.
• We discussed the rapidly changing fundamentals affecting the market currently, how specifically the technology sector will transform itself and other industries in the near future, the rise of ETFs, and how State Street aims to succeed amidst this new environment.
• Stay tuned in the future for more exciting interviews!

The Executive Interview series will provide you with exclusive interviews with newsmakers, industry leaders, and experts in the technology industry.

Interviews do not imply endorsement of the company, its products, or any associated securities. Rather, it is meant to provide you more information for your consideration from those currently directly in the industry itself.

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:

• Why markets have been volatile and stagnant the past few months.
• What are the major risks to markets over the upcoming year.
• From a business and strategic perspective, how State Street has been able to accumulate roughly $2.8 trillion in assets under management and how it sees its future growth plans.
• The causes behind the "ETF Revolution" of recent years and the future of ETFs versus active management.
• What particular technology developments will be changing industries and paradigms, and how it will affect the market's trajectory in the upcoming few years.
• Tips and advice for investors amid this rapidly changing market environment.
  

This interview was originally published as a non-exclusive article of Tech Investment Insights on Seeking Alpha.