State Street Tops Global Investor Magazine's Foreign Exchange Ranking

    Business Editors

    BOSTON--(BUSINESS WIRE)--March 30, 2005--

    State Street's Research, Technology and Service Capabilities
    Recognized by Industry-Leading Investment Publication

    State Street Global Markets, the investment research and trading arm of State Street Corporation (NYSE:STT), announced today that it has achieved top rankings in Global Investor's 2005 Foreign Exchange (FX) Survey. Respondents rated State Street No. 1 for Best Capital Flow Research and Best Trading/Portfolio Management Technology Integration. The Global Markets foreign exchange trading and sales team also topped the category for Most Improved Service over the past 12 months.
    State Street also received high rankings in categories for daily research FX strategy solutions, and placed second for overall FX service by all Global Investor 100 companies and by Real Money Accounts. The Global Investor FX Survey is comprised of results from more than 550 respondents. A total of 90 qualified responses were received from the Global Investor 100, which includes the world's largest third party managers.
    "We pride ourselves on our unique, fact-based research capabilities, industry-leading technology offerings, and the commitment to superior client service demonstrated by our Global Markets professionals worldwide," said Mark Snyder, global head of foreign exchange for State Street Global Markets. "We are honored to receive such high praise from our customers. It is another testament to our integrated sell-side approach, along with our breadth of multi-asset class research products and trading solutions for central banks and managers of equities, fixed-income securities, currencies and hedge funds."
    State Street's industry leading research, spanning all asset classes, is developed in collaboration with its partnership with academia - State Street Associates - which develops portfolio and flow research, currency management, asset allocation services, and designs strategy tools to support the needs of global portfolio managers. The State Street Investor Confidence Index,(SM) released monthly, is the world's first quantitative measure of investor sentiment.

    About State Street Global Markets

    State Street Global Markets provides specialized investment research and trading. Its goal is to enhance and preserve portfolio values for asset managers and asset owners. From its unique position at the crossroads of the global markets, it creates and unlocks value for its clients with original flow-based research, innovative portfolio strategies, trade process optimization, and global connectivity across multiple asset classes and markets.

    About State Street Corporation

    State Street Corporation (NYSE: STT) is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading. With $9.5 trillion in assets under custody and $1.4 trillion in assets under management as of December 31, 2004, State Street operates in 25 countries and more than 100 markets worldwide. For more information, visit State Street's web site at www.statestreet.com.

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CONTACT: State Street Corporation Carolyn Cichon, 617 664 8672

KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: BANKING SOURCE: State Street Corporation

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