Investor Presentaiton
With CRD, State Street will be positioned to consolidate the
fragmented market for front and middle office solutions
Allows State Street to address a new revenue opportunity at scale
A
Market Size Growth Rate 19
Front
Office
•
~$6-8B20
~4-6%
Middle
Office
-$3-8B21
~5-7%
•
•
•
•
•
Market Structure
Highly fragmented market
Multiple vendors at the
same firm across
investment strategies and
geographies typical
Fragmented
Majority of spend is internal
Increasing automation and
outsourcing
4 large established players
Back
Office
•
~$30-35B
22
~4-5%
Segment specialists
Strong Strategic Rationale
✓ Offers solutions in the front,
middle, and back office,
spanning a revenue pool of
~$40-50B
✓ Supports clients' desire to
outsource more activities
across investment
operations
✓ Platform will be able to
integrate third party
providers, in both the front
and back office, for State
Street clients
✓ Ability to integrate from front
to back will differentiate
State Street
A Range assumes level of outsourcing that develops over time
Refer to the Appendix "Slide endnotes" page for endnotes 1 to 22.
·
Majority of spend is
outsourced
STATE STREET.
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