State Street careers
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State Street closed its 2025 books holding $53.80 trillion under custody or administration, $5.67 trillion of it under the firm's own management. The bank traces back to 1792 and the founding of Union Bank, took its current charter from a special Act of the Massachusetts Legislature in 1891, and adopted the present name in 1960. It's a custody bank, servicing and managing assets for institutional clients from One Congress Street in Boston, in more than 100 geographic markets, with roughly 52,000 employees.
Custody and fund administration is the volume business, so the operations staff who process trades, price funds, and handle corporate actions make up a large share of that 52,000, with technology, risk, and compliance around them. Investment Management is the smaller and more specialized second line of business, and Boston anchors both.