State Street to Open Manila Office
Global financial services firm State Street announced plans to establish a new office in Manila, expanding its operational footprint in the Asia-Pacific region as part of its long-term growth strategy.
The Manila office, expected to open in the second half of 2026, will enhance the company’s global operating model and increase processing capabilities supporting clients across the region it says in a statement. The move complements State Street’s existing Asia-Pacific network, where the company has maintained operations for more than four decades.
«The Asia Pacific region is critical to our long term growth strategy,» said Ann Fogarty, chief operating officer for Investment Services at State Street. «The expansion into Manila is an important step in the continued evolution of our global operating model as we continue to support significant client growth in the region.»
State Street cited Manila’s deep talent pool as a key factor in the decision, pointing to the city’s young and highly educated workforce as well as its established University Belt, which produces graduates with expertise in financial services and operations.
The new office will add to State Street’s 16 existing locations across Asia-Pacific. The company operates in more than 100 geographic markets worldwide and employs approximately 51,000 people globally.
State Street currently holds USD54.5 trillion in assets under custody and/or administration, servicing more than 12% of the world’s assets, underscoring its position as one of the world’s largest providers of financial services to institutional investors.
