Street Corporation (NYSE: STT), one of the worlds leading providers of financial services to institutional investors, announced today the opening of two new State Street offices in Milan and Turin as part of its successful integration efforts for the Intesa Sanpaolo (ISP) securities servicing business in both Italy and Luxembourg. State Street acquired the ISP business in May 2010 adding approximately 369 billion in assets under custody and 529 employees in Milan, Turin and Luxembourg. The acquisition enhanced State Streets position to be one of the largest service providers in Italy and also significantly strengthened its position in Luxembourg. Joe Antonellis, vice chairman of State Street commented, As we are completing the successful integration of the ISP...
|