Press release

Key Private Bank Expands Use of Charles River® Wealth Management Solution

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Charles River Development, a State Street Company, today announced that Key Private Bank, the wealth management division of KeyCorp, has consolidated management of its portfolio management capabilities onto the Charles River Wealth Management Solution. Key Private Bank has also enhanced its use of the platform, adopting compliance, data services, IBOR, and performance measurement and attribution capabilities.

“Centralizing our private banking operations onto the Charles River Wealth Management Solution is a strategic step to scale and support efficient growth,” said Joe Calabrese, Chief Operating Officer, Wealth Management at KeyBank. “As a business partner, Charles River has been a vital contributor to our success as the firm continues to evolve. Expanding our use of the platform helps streamline workflows for our advisors and traders, allowing us to better serve our clients.”

“We believe that working in collaboration with clients is critical to helping them achieve their goals in today’s competitive marketplace,” said Randy Bullard, Global Head of Wealth, Charles River. “Consolidating business lines onto a scalable, open architecture platform helps firms like Key Private Bank increase efficiency and modernize their operating models while positioning for growth with innovative capabilities and next-gen technology.”

About Key Private Bank

Key Private Bank is a leading provider of wealth management solutions and advice for high-net worth and ultra-high-net worth clients, including wealth advisory, investment management, trust administration, customized credit, family office and private banking services. Key’s wealth management platform combines the market insights of local advisors with a national team of wealth and investment strategists to deliver proactive and personalized advice and expertise to clients. Advisors also leverage partnerships with Key’s business banking and capital markets teams to build wealth plans tailored to meet each client’s specific need. Key Private Bank’s wealth management platform is delivered across 15 of the United States. Key Private Bank has $45.2 billion in AUM and $52.7 billion in AUA at March 31, 2021.

About Charles River, A State Street Company

Investment firms, asset owners, wealth managers, hedge funds and insurers in more than 30 countries rely on Charles River’s front and middle office investment management platform to manage more than US$30 Trillion in assets. Together with State Street’s middle and back office capabilities, Charles River’s cloud-deployed software technology forms the foundation of State Street Alpha℠. The Charles River Investment Management Solution (Charles River IMS) is designed to automate and simplify the institutional investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout. Charles River’s growing partner ecosystem enables clients to seamlessly access external data and analytics, applications and liquidity venues that support the unique demands of their product and asset class mix. Headquartered in Burlington, Massachusetts, we serve clients globally with more than 1,000 employees in 11 regional offices. For more information, please visit www.crd.com.

(Statistics as of February 2021)

About State Street Corporation

State Street Corporation (NYSE: STT) 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 worldwide. For more information, visit State Street’s website at www.statestreet.com.

* Assets under management as of March 31, 2021 includes approximately $60 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

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Charles River Development – A State Street Company is a wholly owned business of State Street Corporation (incorporated in Massachusetts).

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