NYSE:STTCapital Markets
State Street Deepens Middle East Custody Presence As Valuation Gap Persists
State Street (NYSE:STT) has announced a new operating center in Abu Dhabi to support local talent development and the regional financial ecosystem.
The company has also formed an alliance with QNB Group to introduce a new custody servicing model in Qatar.
These moves deepen State Street's presence in the Middle East through direct investment, job creation, and partnerships with regional institutions.
State Street enters these initiatives with its shares at $130.86 and multiyear returns of...