March 30, 2016 - News

GE and State Street Corporation Announce Agreement for State Street to Acquire GE Asset Management

GE [NYSE: GE] and State Street Corporation [NYSE: STT] announced an agreement for State Street to acquire GE Asset Management (GEAM), GE’s investment management arm. Evercore Trust Company, N.A. served as the independent fiduciary responsible for reviewing the transaction and approving the engagement of State Street Global Advisors to manage the assets related to the GE pension plan currently managed by GEAM.

For further details on the transaction, click here for the General Electric press release.