State Street eyes European corporate trust market
EUROPE – State Street is expanding its corporate trust business in Europe to meet what it says is a growing demand amongst institutional investors.
The expanded business will be based in London and headed up by Dennis Calabrese who will report to Bryan Calder, senior vice president and head of State Street Corporate Trust business.
Calabrese comments: “Over the past year, we have seen a tremendous surge in demand among sophisticated global investors in the UK and Europe to have access to a full breadth of advanced corporate trust services. We believe State Street is uniquely positioned to meet that demand. Our industry expertise and strong regional market presence constitute a compelling platform for State Street to become the premier corporate trust provider in Europe.”