State Street Global Advisors
WHO WAS YOUR MENTOR?
WHO INFLUENCED YOU THE MOST IN YOUR CAREER?
WHAT WORK EXPERIENCE HAD THE MOST LASTING IMPRESSION ON YOUR CAREER?
The future lies in solutions that are multi-asset-class, multistrategy, and multi-investment capable. Separate solutions by asset class and function drive costs higher than they need to be from a support perspective.
Key Technology ManagementN/A
Size of Technology Team:Approximately 250 full-time staffers, augmented with consulting resources from both offshore and onshore.
Percent of IT Projects Outsourced:Roughly 15 percent to 20 percent of our projects involve outsourced resources.
Key Technology Partners:We have close partnerships with all our tech vendors.
Success Metrics:The measure of success with IT projects is whether they enable the business to meet its goals. Every one of our projects is tied to SSgA's strategy and its ability to meet the particular objective -- whether it be cost- or customer-based. We measure the success by whether that project helps the business achieve its goals within the context of the agreed-upon time frame and budget. We have a governance process to manage that.
2008 INITIATIVES2007 initiatives will continue.
TOP 3 CURRENT PROJECTS
Client Information DeliveryWe're looking at providing a broad set of information to clients in an integrated fashion, including enhancing the types of information, the availability and the timeliness that the information is offered to institutional clients. The real value is in the underlying quality of the data and information. We've partnered with State Street's Investment Management Services organization to implement the same solution they use to service their external clients, we're upgrading our accounting capability, and we're partnering with IMS to deliver a new performance management and reporting system that will be available to clients. We're also enhancing client and portfolio reference data so we can be flexible in allowing clients to see things the way they want to.
Alternative Investment SystemsWe have a project in place to provide capabilities for dealing with alternative investments, such as OTC derivatives and swap instruments, from an end-to-end perspective, from the investment decision-making process all the way through order generation, trade capture and confirmation. We're looking at all the functions in the investment process and creating integrated solutions for servicing them using a combination of packaged applications and homegrown integration.
Support for New Distribution ChannelsWe are creating a suite of systems to support new distribution channels, which encompass some enhancements on the Web for additional information delivery mechanisms, ... and integrating packages in a unique way so we can sell and support the same investments in new markets.