Who Owns State Street Investment Management?
State Street Investment Management, known as State Street Global Advisors until June 2025, is the asset management division of State Street Corporation (NYSE: STT), headquartered in Boston, Massachusetts. Founded in 1978, it is the fourth-largest asset manager in the world, managing approximately $6.3 trillion as of September 2026. The division created the first US exchange-traded fund, SPY, in 1993, and is led by CEO Yie-Hsin Hung.
Parent Company
Founded
1978
Status
Publicly Traded
Headquarters
State Street Investment Management Timeline
GlobalOfficial Website
Who Owns State Street Investment Management?
- Parent Company: State Street Corporation
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: STT
| Brand | Parent Company | Ownership Type |
|---|---|---|
| State Street Investment Management | State Street Corporation | Brand division |
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History of State Street Investment Management
- Founded: 1978
- Founders: State Street Corporation
State Street created its asset management arm in 1978 in Boston, building an indexing business for institutional clients at a time when passive management was still an emerging idea. The division, known as State Street Global Advisors, grew into one of the world's largest index managers.
The defining moment came in January 1993, when the division partnered with the American Stock Exchange to launch the SPDR S&P 500 ETF Trust (SPY), the first exchange-traded fund listed in the United States. That product seeded the global ETF industry and remains the world's most traded fund. The division followed with the Select Sector SPDRs in 1998 and SPDR Gold Shares in 2004.
Through the 2000s and 2010s the business expanded into active quantitative strategies, cash management, target-date funds, and outsourced CIO services, serving institutions, advisors, and individual investors across more than 60 countries. Yie-Hsin Hung became CEO in 2022.
On June 30, 2025, State Street Global Advisors rebranded as State Street Investment Management, retiring the SSGA name after 47 years. The division reported record AUM of $5.7 trillion at year-end 2025 and record management fee revenue of $2.4 billion for the year. In January 2026 it agreed to acquire a 23% stake in Groww Asset Management, an Indian asset manager, for up to $64.2 million. By September 2026 AUM had reached approximately $6.3 trillion.
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About State Street Corporation
What does State Street own?
State Street operates its core banking and custody business under the State Street brand, its investment management division as State Street Global Advisors (SSGA), and its ETF franchise as SPDR ETFs. The SPDR franchise includes the SPDR S&P 500 ETF (SPY), one of the largest ETFs globally. State Street does not own separate consumer-facing brands outside these financial services brands.
Is State Street publicly traded?
Yes, State Street Corporation is publicly traded on the New York Stock Exchange under the ticker symbol STT. The company has been publicly traded since 1983.
Who owns State Street?
State Street Corporation is owned by its public shareholders through NYSE trading. The company has no controlling shareholder or parent company. Major institutional shareholders include Vanguard Group, BlackRock, and other major index fund managers.
Who founded State Street?
State Street was originally established by the Massachusetts legislature in 1792 as a state-chartered bank in Boston. The company evolved through various leadership teams and corporate structures over its 230-year history.
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Where is State Street headquartered?
State Street is headquartered in Boston, Massachusetts, USA.
What is State Street's revenue?
For full-year 2025, State Street reported total revenue of approximately $14 billion, up 7% year over year. In Q2 2026, total revenue was $4.0 billion, up 17% year over year.
Who is the CEO of State Street?
Ron O'Hanley is the Chairman and CEO of State Street Corporation, having joined the company in 2019.
- Founded: 1792
- Headquarters: Boston, Massachusetts, USA
- Company Type: Publicly Traded
- Stock: NYSE: STT
- Revenue: approximately $14.0 billion (FY2025)
- Employees: approximately 53,000
Where Is State Street Investment Management Made / Based?
- Headquarters: Boston, Massachusetts, USA
State Street Investment Management Categories & Tags
State Street Investment Management Sustainability & Ethics
The division operates an investment stewardship program engaging portfolio companies on governance, climate, and disclosure. It publishes annual stewardship reporting and maintains ESG-integrated index and active strategies for clients that request them.
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Like other large asset managers, it faces scrutiny from both directions: investor coalitions pressing for stronger climate engagement, and political critics of ESG investing in the United States. The division positions its stewardship work as risk management for long-term returns.
Awards & Recognition
- Fourth-largest asset manager globally: Ranked by assets under management, with approximately $6.3 trillion as of September 2026.
- ETF pioneer: Created SPY in 1993, the first US-listed exchange-traded fund.
- Record 2025 flows: $180 billion in net inflows and record management fee revenue of $2.4 billion.
Brands Owned by State Street Corporation
Finance FintechCharles River IMS
Owned by State Street Corporation
Front-to-back investment management platform owned by State Street, used by firms managing $59 trillion in assets across 30 countries.
investment-managementorder-management-systemrisk-analytics
Finance FintechSPDR ETFs
Owned by State Street Corporation
State Street's exchange-traded fund family anchored by SPY, the first US-listed ETF, with roughly $2.3 trillion in assets under management.
etfindex-fundsspy
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State Street Investment Management Ownership: Pros & Cons
Advantages
- +Fourth-largest asset manager globally with approximately $6.3 trillion in AUM
- +Owns the SPDR franchise including SPY, the world's most traded ETF
- +Record FY2025 flows and management fee revenue
- +Backed by State Street's $57.9 trillion custody and administration relationships
- +Global distribution across more than 60 countries
Considerations
- -Intense fee compression in index products against BlackRock and Vanguard
- -AUM is market-sensitive and declines with asset prices
- -Brand equity of the SSGA name partially reset by the 2025 rebrand
- -Institutional concentration means large single-client outflows are possible
- -Regulatory and political scrutiny of stewardship and ESG practices
Frequently Asked Questions About State Street Investment Management
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Sources & Further Reading
Competitors to State Street Investment Management
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Blackrock | USA | 2000 | Premium | Global | All Genders | |
| Deutsche Borse | Denmark | 1971 | Mass market | Global | All Genders | |
| State Street | USA | 1993 | Mass market | Global | All Genders |
Learn More About Competitors
Finance FintechiShares
Owned by BlackRock Inc.
Exchange-traded fund brand owned by BlackRock, offering over 1,400 ETFs covering stocks, bonds, commodities, and ESG strategies with approximately $4 trillion in assets under management.
etfexchange-traded-fundsinvestment
Finance FintechSimCorp
Owned by Deutsche Borse AG
Danish investment management platform owned by Deutsche Borse, serving 300+ asset managers managing $30 trillion in assets globally.
investment-managementfront-to-backrisk-analytics
Finance FintechSPDR ETFs
Owned by State Street Corporation
State Street's exchange-traded fund family anchored by SPY, the first US-listed ETF, with roughly $2.3 trillion in assets under management.
etfindex-fundsspy
Competitive Analysis
Market Positioning: State Street Investment Management competes with 3 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to State Street Investment Management
Looking for brands with different ownership structures? These similar brands are not owned by State Street Corporation, giving you alternative choices that support different corporate structures.
Finance FintechBarings
Owned by Massachusetts Mutual Life Insurance Company (MassMutual)
Global asset management firm headquartered in Charlotte, North Carolina, and subsidiary of MassMutual, managing investments across fixed income, real estate, and private markets.
asset-managementinvestmentsfixed-income
Privately Owned
Barings is privately owned, unlike State Street Investment Management which is under a publicly traded parent company.
Finance FintechBloomberg Terminal
Owned by Bloomberg L.P.
Industry-standard financial data and analytics platform used by approximately 325,000 subscribers at banks, hedge funds, and institutional investors worldwide.
financial-datamarket-dataanalytics
Privately Owned
Bloomberg Terminal is privately owned, unlike State Street Investment Management which is under a publicly traded parent company.
Finance FintechCVC Capital Partners
Owned by CVC Capital Partners plc
Global private markets investment brand managing 205 billion euros across private equity, credit, secondaries, and infrastructure funds.
private-equityprivate-marketsasset-management
Privately Owned
CVC Capital Partners is privately owned, unlike State Street Investment Management which is under a publicly traded parent company.
Finance FintechNuveen
Owned by Teachers Insurance and Annuity Association of America
American asset management brand with about $1.4 trillion in assets under management, operating as the investment management arm of TIAA since 2014.
asset-managementinvestment-managementmutual-funds
Privately Owned
Nuveen is privately owned, unlike State Street Investment Management which is under a publicly traded parent company.
Finance FintechBybit
Owned by Bybit Fintech Limited
Dubai-based cryptocurrency exchange, the world's second-largest by trading volume, serving more than 80 million registered users.
crypto-exchangetradingbitcoin
Privately Owned
Bybit is privately owned, unlike State Street Investment Management which is under a publicly traded parent company.
Finance FintechKalshi
Owned by Kalshi Inc.
CFTC-regulated prediction market exchange where users trade contracts on real-world events, valued near $40 billion in late 2026 funding talks.
prediction-marketevent-contractscftc-regulated
Privately Owned
Kalshi is privately owned, unlike State Street Investment Management which is under a publicly traded parent company.
State Street Corporation Stock Information
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