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State Street expands Krakow operations with new centre


State Street, a global provider of financial services for institutional investors, on 10 May inaugurated its second operations centre in Krakow. The company plans to hire 600 staff for the new unit over the next three years, mainly students, graduates and career professionals with degrees or expertise in finance, accounting, mathematics, but also humanities specialists with analytical skills.

Scott Newman, General Manager and Vice President of State Street Services Poland, said the group selected Krakow from among 20 candidate locations in Europe because of its abundant supply of well-qualified graduates and good office and communications infrastructure.

The first Krakow centre was opened in 2007 and currently employs over 1,000 people, focusing on the provision of accounting services for investment funds in eight European countries. According to State Street, the Krakow centres will play a key role in its plan to double revenues from markets outside the United States over the next five years.

NYSE-listed State Street provides services ranging from investment management through research and trading to investment servicing.

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