According to the State Street, by the end of 2011, nearly 700 employees who were previously based at two locations will be housed in the new headquarters.
State Street CEO Jay Hooley said that the new office, comprising levels 10-17 at the 5 Greenstar accredited 420 George Street, will enable State Street to bring together its Global Advisors, Global Markets and Global Services businesses for the first time in one location.
"This move is exciting for us as it reinforces our commitment to growing our business in Australia and throughout the Asia Pacific region," Mr. Hooley said.
State Street Corporation provides financial services to institutional investors, including investment management, investment research and trading and investment servicing.
With $21.5 trillion in assets under custody and administration and $2 trillion in assets under management at 31 December 2010, State Street operates in 26 countries and more than 100 geographic markets worldwide.
