Maintaining critical functions and minimizing risk at State Street Corporation
The State Street Global Security Team quickly implemented protocols to ensure the security of all staff and maintain continuity of operations, including establishing travel protocols, exclusion protocols and visitor protocols, implementing temperature check stations, deploying credentials, and monitoring of government orders and restrictions.
Stephen D. Baker, CPP, Senior Vice President and Chief Security Officer for State Street Corporation (State Street), envisioned security’s role as a business partner that proactively works with divisions across the company to help solve problems far beyond normal security operations. His leadership approach has created a unique “business” security culture throughout the global organization.
Headquartered at One Lincoln Street in Boston with operations worldwide, State Street is one of the world’s leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $40.3 trillion in assets under custody and/or administration and $3.6 trillion in assets under management as of March 31, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 people worldwide. State Street is also designated as a Systematically Important Financial Institution (SIFI) in the U.S. and globally; therefore, the company’s business resiliency is critical to financial markets around the world.