London, 6 March 2007 --- State Street Corporation (NYSE:STT), the world’s leading provider of financial services to institutional investors, announced today the appointment of Michael Walsh to head of State Street’s investment servicing business in the United Kingdom, Middle East and Africa (UKMEA). He will report to Peter O’Neill, executive vice president and head of State Street’s investment servicing and investment research and trading businesses for UKMEA.

Walsh has been responsible for managing State Street’s investment servicing business in Scotland since October 2005. He joined State Street in 2004 as head of WM Performance Services, the company’s European performance measurement division. Prior to joining State Street, Walsh was with HSBC Investment Funds in the UK, most recently serving as managing director and head of investment services. Walsh replaces Peter Baker who assumed the role of head of investment servicing for State Street in Asia ex. Japan, based in Singapore.

“With Michael’s leadership and nearly three decades of experience within the financial arena, I am confident that our investment servicing business in the UK will continue to maintain its strong momentum of growth,” said O’Neill. “In 2006, we won more than 250 new servicing mandates across Europe representing a full range of services. As part of his new role, Michael will ensure that we continue to deliver the highest level of service to our customers while expanding the range of value-added products they have come to expect from State Street.”

This appointment comes as State Street’s business outside the United States is growing at a rate that is more than twice as fast as in the U.S. and with a corporate objective of achieving 50 percent of its revenue from non-U.S. sources.

State Street Corporation is the world’s leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $11.9 trillion in assets under custody and $1.7 trillion in assets under management as of December 31, 2006, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street’s website at www.statestreet.com.

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