State Street Awarded Top Honors for Securities Lending and Private Equity Administration

Recognized for Excellence at ICFA Awards
BOSTON--(Business Wire)--
State Street Corporation (NYSE: STT), the world`s leading provider of financial
services to institutional investors, announced today that it has captured top
rankings in International Custody and Fund Administration (ICFA) magazine`s 2009
Global Awards.

For the second consecutive year, ICFA named State Street the Global Securities
Lender of the Year as well as Global Private Equity Fund Administrator of the
Year, at its awards ceremony held recently in London. The ICFA Awards recognize
global excellence in the custody and fund administration industry.

In securities lending, ICFA noted State Street`s stringent risk management
practices. In private equity fund administration, ICFA recognized State Street`s
60 percent growth in private equity assets under administration in 2008, while
the private equity industry overall was contracting amid the economic downturn.

"We are honored to receive this recognition from ICFA for State Street`s
performance in securities lending and private equity servicing," said Steve
Smit, senior vice president and head of State Street`s Global Markets and
Investor Services businesses in the United Kingdom. "Amid the unprecedented
market turmoil over the past year, we have held to our long-standing practices
of delivering value-added services to clients with greater efficiencies, more
transparency and the prudent management of risk."

With more than $2 trillion in lendable assets and more than $420 billion on
loan, State Street is a market leader in securities finance. The company has
been providing securities lending services since 1974, and currently lends
securities for customers in more than 45 markets around the world through a
global network of trading locations.

State Street`s dedicated team of private equity professionals, combined with the
company`s global reach and support, delivers a world-class offering for private
equity fund sponsors. State Street provides full-service fund administration
services to more than 400 primary funds with total assets exceeding $139
billion. Private equity fund managers are looking to leading third- party
administrators to provide greater efficiencies, more consistent reporting and
cost savings for their funds. Private equity managers also recognize that
experienced third-party providers, such as State Street, can stay ahead of
changing requirements throughout the fund lifecycle, understand the nuances of
each fund`s structure, and adapt accordingly.

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 $11.3 trillion
in assets under custody and $1.4 trillion in assets under management at March
31, 2009, State Street operates in 27 countries and more than 100 geographic
markets worldwide. For more information, visit State Street`s website at
www.statestreet.com.

About ICFA

ICFA has been delivering in-depth and authoritative coverage of the investment
back and middle office for 12 years providing readers with news, features,
surveys and industry round tables - a key source of market intelligence for the
securities servicing industry. With a permanent editorial presence in New York
and London, ICFA presents in-depth and timely reporting on concerns and
developments affecting all aspects of the industry. www.icfamagazine.com

State Street Corporation
Carolyn Cichon, + 1 617-664-8672

Copyright Business Wire 2009