State Street Corporation · NYSE:STT
State Street — Bank of America Merrill Lynch Future of Financials Conference 2018
12 slides from State Street's conference presentation, Nov 5, 2018
Slide 1: State Street at the Bank of America Merrill Lynch Future of Financials Conference 2018
State Street at the Bank of America Merrill Lynch Future of Financials Conference 2018 Lou Maiuri, Head of Global Markets & Front Office Solutions Eric Aboaf, Chief Financial Officer Monday, November 5, 2018
Slide 2: Global Markets and Global Exchange enable efficient use of client assets
Global Markets and Global Exchange enable efficient use of client assets while offering enhanced portfolio and risk insight Investment Servicing Investment Mgmt. Asset Markets Information Asset Servicing & Research & Data Analytics Management • Providing customized • Delivering foreign • Offering in
Slide 3: Acquisition of Charles River builds on our strong foundation
Acquisition of Charles River builds on our strong foundation and expands on the services offered to our core clients 2010 – Beyond Charles River Development 2000s (2018)* GE Asset Mgmt. (2016)* • Enhanced electronic trading venues providing increased 90s liquidity & market access State Street Global
Slide 4: Creating the industry's first global front-to-back offering
Creating the industry’s first global front-to-back offering A Charles River offerings CRD enables State Street Front-to-Back Platform Front office Middle office Back-office • Portfolio modeling & • Performance & attribution • Custody construction • Investment accounting • Fund accounting • Investmen
Slide 5: Front-to-Back: Will deliver value to State Street's clients and shareholders
Front-to-Back: Will deliver value to State Street’s clients and shareholders Benefits to clients Benefits to State Street • Can provide single platform access to • Increase core revenues by delivering insights, liquidity and financing for front- front-to-back services, including back office decision
Slide 6: State Street has already engaged with approximately 80 institutions
State Street has already engaged with approximately 80 institutionsA since Charles River Development acquisition closing ~40 of the ~80 within top 220 global institutions10 Nature of Opportunities State Street & CRD clients are representative of the global institutional asset managers, asset owners,
Slide 7: Charles River Development 4Q 2018 update and outlook
Charles River Development 4Q 2018 update and outlook CRD 4Q 2018 outlook • Strong business performance o Projected results are in-line with expectations • Remain confident in size and timing of announced revenue and cost synergy expectations A • Timing of installations and renewals leads to uneven q
Slide 8: Questions and Answers
State Street at the Bank of America Merrill Lynch Future of Financials Conference 2018 Questions Lou Maiuri, Head of Global Markets and Front Office Solutions and Eric Aboaf, Chief Financial Officer Answers Monday, November 5, 2018 8
Slide 9: Appendix
Appendix Synergies 10 Endnotes 11 Forward-looking statements 12 9
Slide 10: Expected to generate meaningful revenue and cost synergies
Expected to generate meaningful revenue and cost synergies from enhanced platform services and efficiencies 12 13 Annual revenue synergies in 2021 Annual cost synergies in 2021 Estimated Estimated Range Revenue Range Cost in 2021 Synergy Highlights in 2021 Synergy Highlights Upgrade CRD clients from
Slide 11: Endnotes
Endnotes 1 Period end as of September 30, 2018. ~$34T of AUCA includes most of the Middle Office AUA. 2 Source: State Street and McKinsey Global Institute, Global Capital Markets, December 31, 2016. This represents State Street’s AUCA ($29T) as a proportion of total global financial assets ($270T).
Slide 12: Forward-looking statements
Forward-looking statements This presentation (and the discussion accompanying it) contains forward-looking statements within the meaning of United States securities laws, including statements about our goals and expectations regarding our business, financial and capital condition, results of operati
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