• Ahead of schedule, Harris | Oakmark now live with State Street Alpha’s transaction lifecycle management services after awarding State Street a middle office mandate at the end of 2023

State Street Corporation (NYSE: STT) announced today that Harris | Oakmark has gone live with State Street Alpha^®, the firm’s front-to-back asset servicing platform for institutional investment managers, following the selection of State Street to be their strategic operating partner less than a year ago. Harris | Oakmark, a Chicago-based investment management firm with approximately $104 billion of assets under management as of September 30, 2024, serves as the adviser to the Oakmark Funds, a mutual fund family that utilizes a long-term value investment approach.

“Harris | Oakmark marks another significant milestone for our Alpha business broadly,” says John Plansky, head of State Street Alpha. “Providing middle office services to more than 2,000 of their private wealth and retail SMA accounts allows us to deepen our relationship with Harris | Oakmark and further showcase our data capabilities for wealth managers.”

The first phase of the migration focused on transaction lifecycle management services and was successfully completed ahead of schedule, ten months after awarding the mandate. The second and final phase of the migration is targeted for completion in Q1 2026.

“We are excited to partner with State Street on their Alpha platform,” said Young Lee, chief operating officer from Harris | Oakmark. “We have been very pleased with the progress made during the first phase of the migration as the platform will allow us to operate in a highly efficient operating environment and continue to provide exceptional services to our clients.”

State Street Alpha provides its clients a centralized operating model and technology platform to manage all their public and private assets investment products underpinned by its cloud native, enterprise Alpha Data Platform. With State Street Alpha, clients can focus on executing their growth strategy without the drag and limitations of a segregated operating model.

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 $46.8 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of September 30, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

* Assets under management as of September 30, 2024 includes approximately $83 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.

© 2024 State Street Corporation

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