| State Street takes occupancy at the new "State Street
Financial Centre" in Toronto, occupying more than 140,000 square feet
of space. State Street ends the year with more than CAD 380 billion in assets
under custody, over CAD 18 billion in assets under management and more than
700 employees. |
| |
| State Street establishes a Foreign Bank Branch, State
Street Bank and Trust, Canada Branch, under legislative changes enacted
by the federal government. Global Link signs "Big 5" banks as
foreign exchange network counterparties through Global Link. SSgA is ranked
as the second fastest growing investment manager in Canada and the seventh
largest overall investment manager. |
| |
| State Street celebrates the 10th anniversary of its opening
in Canada with a week-long series of events in Toronto and Montreal featuring
Canadian-born Nobel Laureate Dr. Robert Mundell. |
| |
| State Street's Brokerage Services, now known as State
Street Global Markets Canada Inc., obtains a seat on the Toronto Stock Exchange.
State Street's assets under custody have doubled since 1997, surpassing
CAD 300 billion by the end of the year. |
| |
| State Street becomes a direct participant in the Canadian
Depository for Securities, enabling self-custody operations; Global Securities
Lending is established in Toronto and Montreal; Global Link, State Street's
industry leading e-finance platform, is launched in Canada. |
| |
| State Street surpasses CAD 100 billion in assets under
custody in Canada, ending the year with CAD 150 billion in assets under
custody. The company has more than 400 employees and a new office in Vancouver
to serve clients in Canada's western provinces. |
| |
| State Street is granted a Federal Trust License, and
opens the Financial Markets Group, State Street's foreign exchange business
and the predecessor to Global Markets. |
| |
| SSgA establishes a full-service institutional investment
centre in Montreal, which will later be designated as SSgA's Canadian headquarters. |
| |
| State Street Global Advisors (SSgA) establishes operations
in Toronto, and Fiducie State Street opens in Montreal to service Quebec-based
investors. |
| |
| State Street opens its first Canadian office in Toronto,
with 10 employees servicing one client and approximately CAD 10 billion
in assets. |
