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Investors Bank & Trust

From Wikipedia, the free encyclopedia

Investors Financial Services Co.
Company typeformer: Public
former: Nasdaq: IFIN
IndustryFinancial services
Founded1969 (1969) in Boston, Massachusetts
Defunct2007 (2007)
FateAcquired
SuccessorState Street Corporation
Headquarters
Boston, Massachusetts
,
United States
Key people
Kevin Sheehan, CEO & Chairman
John Spinney, SVP & CFO
ProductsCustodian bank
RevenueIncrease$1.95 trillion assets under custody, $277 billion non-U.S. assets under custody USD (2005)
Number of employees
3,250 (2007)
Websitewww.ibtco.com (defunct)
For Investors Bank headquartered in New Jersey, see Investors Bank.

Investors Bank & Trust (IBT) was an American custodian bank, and the principal operating subsidiary of Investors Financial Services Corp., a holding company based in Boston, Massachusetts. First founded in 1969 as an offshoot of Eaton Vance, the company was purchased by State Street Corporation in 2007 as an all-stock deal valued at nearly $4.5 billion and no longer operates as a separate listed company. State Street refers informally to the former IBT operation as "State Street Back Bay".[1]

IBT's headquarters were located within the landmark John Hancock Tower designed by I.M. Pei, where it was chief tenant.[citation needed] Some of IBT's more well-known clients included Aegon, Barclays Global Investors, Eaton Vance, and MassMutual.

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Transcription

Office locations

Investors Financial Services had offices in Massachusetts, New York City, Sacramento, Toronto, Dublin, and Grand Cayman Island. The New York office had only 10 people, while the Grand Cayman Island office was only a post office address held for tax reasons.

Holdings

  • Investors Bank & Trust
  • Merrimac Money Market Funds

References

  1. ^ "FORM 497 - State Street Corporation acquired Investors Financial Services Corporation". EDGAR. July 2, 2007.

External links

This page was last edited on 11 April 2024, at 06:45
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