Future State

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  From Assets to Outcomes: The New Retirement Imperative for Wealth Management 17.09.2026 13分

  As retirement evolves from a savings goal into a decades-long income challenge, wealth management must evolve with it. Jennifer Stokes, Head of Wealth Custody and Clearing at State Street, explores how longevity, personalization, technology and modern custody are reshaping retirement advice and helping firms deliver better client outcomes.    Important Information: This communication is provided by State Street Bank and Trust Company, hereafter referred to as State Street and is for informational purposes only and is not intended to suggest or recommend any transaction, investment or investment strategy. It does not constitute investment research, nor does it purport to be comprehensive or intended to replace the exercise of an investor's own careful independent review and judgement regarding any investment decision. This communication and the information herein does not constitute investment, legal or tax advice, and is not a solicitation to buy or sell securities or any financial instrument, nor is it intended to constitute a binding contractual arrangement or commitment by State Street of any kind. The information provided does not take into account any particular investment objectives, strategies, investment horizon or tax status. The views expressed herein are the views of State Street as of the date specified and are subject to change without notice based on market and other conditions. The information provided herein has been obtained from sources believed to be reliable at the time of publication. Nonetheless, we make no representation or assurances that the information is complete or accurate and you should not place any reliance on said information. State Street hereby disclaims any warranty in all liability, whether arising in contract, tort or otherwise, for any losses, liabilities, damages, expenses or costs either direct, indirect, consequential, special or punitive, arising from or in connection with any use of this communication and or the information herein. State Street or its affiliates may, from time to time, as principal or agent for its own account or for those of its clients, have positions in and or actively trade in financial instruments or other products identical to or economically related to those discussed in this communication. This communication may contain information deemed to be forward looking statements. These statements are based on assumptions, analyses and expectations of State Street in light of its own experience and perception of historical trends, current conditions, expected future developments and other factors it believes appropriate under the circumstances. All information is subject to change without notice. This communication or portion hereof may not be redistributed without the prior written consent of State Street. Past performance is no guarantee of future results.  © 2026 State Street Corporation and/or its applicable third-party licensor.  All Rights Reserved.  Brokerage Services offered by State Street Global Markets LLC, a member of the Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ, MSRB, and NFA.  The content and opinions on this podcast shall not be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. SSGM does not recommend investments or investment strategies or provide investment, tax, or legal advice, and you are solely responsible for determining whether any investment, investment strategy, or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. SSGM does not recommend that any security should be bought, sold, or held by you. SSGM will not be held responsible for the decisions you make to buy, sell, or hold any security based on the information provided by SSGM. All information and data is for reference only and no historical data shall be considered as the basis for judging future trends. State Street Global Markets, LLC does not provide tax advice. Tax outcomes depend on your individual situation and may change with law or guidance. You are responsible for maintaining adequate records and consulting your tax adviser.  The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. You should understand the investment objectives and unique risk profile of an ETF carefully before investing. ETFs are subject to risks similar to those of other diversified portfolios. Although ETFs are designed to provide investment results that generally correspond to the performance of their respective underlying indices, they may not be able to exactly replicate the performance of the indices because of expenses and other factors.  A prospectus contains this and other information about the ETF and should be read carefully before investing. You should seek to obtain prospectuses from issuers and/or their third party agents who distribute and make prospectuses available for review. ETFs are required to distribute portfolio gains to shareholders at year end. These gains may be generated by portfolio rebalancing or the need to meet diversification requirements. ETF trading will also generate tax consequences.  Products and services described herein may not be available in all jurisdictions or through all State Street entities.  The development, release and timing of any product, features or functionality described remain at the sole discretion of State Street and are subject to the firm's internal governance and due diligence approval process.  9106096.1.1.AM. Expires 9/14/2027 © 2026 State Street Corporation and/or its applicable third-party licensor.  All Rights Reserved.   See omnystudio.com/listener for privacy information.
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  The Changing Economics of ETFs 01.09.2026 19分

  ETFs have moved from disruptive challenger to a dominant force in global investing—and the conversation is shifting from growth to economics. In this episode, Jeff Sardinha, Global Head of ETF Solutions at State Street, joins hosts Tadhg Young and Anna Bernasek to explore what the industry’s next phase means for asset managers. See omnystudio.com/listener for privacy information.
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  Defending the financial system in the age of AI 25.08.2026 20分

  In this episode, Nick Adam, Deputy Chief Information Security Officer at State Street, explores how AI is reshaping both cyber threats and cyber defense. From industry collaboration initiatives like Project Glasswing to the growing importance of resilience, simplicity, and trust, Nick shares how financial institutions are thinking about preparing for a future where security must move faster than ever before.See omnystudio.com/listener for privacy information.
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  The Growing Importance of Liquidity in Private Markets 18.08.2026 14分

  In this episode, Scott Carpenter, Global Head of Alternatives, and Ken Grogan, Global Head of FX Sales for Alternatives, discuss insights from our fifth annual Private Markets Study. They examine the rising importance of liquidity as investors gain greater access to private markets through semi-liquid fund structures, and what this evolution means for foreign exchange strategy and currency hedging.See omnystudio.com/listener for privacy information.
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  The Eurozone and Stablecoins 04.08.2026 19分

  In this episode, Elliot Hentov, Chief Macro Policy Strategist at State Street Investment Management, and John Orchard, Chairman at OMFIF Digital Monetary Institute, discuss how digital money and stablecoin innovation could create new opportunities for the euro in the global financial system. The conversation explores why the euro has struggled to challenge the dollar’s reserve currency dominance, how euro-denominated stable assets could offer an alternative model, and what political, economic, market and technological hurdles would need to be overcome. They also examine the potential role of yield-bearing stablecoins and whether similar approaches could be applied to other major currencies. See omnystudio.com/listener for privacy information.
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  Scaling the Future of Private Markets 21.07.2026 15分

  In this episode of Future State, hosts Anna Bernasek and Tadhg Young speak with Yvonne Garcia, Head of Asset Manager Clients, North America at State Street, about the next phase of growth in private markets. Drawing on insights from State Street's fifth annual private markets survey, they explore the rise of individual investor access, the operational challenges of scaling private markets, and the critical role of liquidity, data quality, and infrastructure in supporting long-term industry growth.See omnystudio.com/listener for privacy information.
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  The signals emerging from the State Street Markets Research Retreat 09.07.2026 19分

  What makes the State Street Markets Research Retreat one of the industry's most distinctive investor events? In this episode, join Michael Metcalfe, Head of Macro Strategy at State Street Markets, as he shares the history and evolution of the global retreat series and unpacks the market forces shaping the investment landscape today, including inflation, AI, investor behavior, and political risk.See omnystudio.com/listener for privacy information.
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  The Irish EU Presidency and Why It Matters 25.06.2026 19分

  As Ireland prepares to assume the EU Council Presidency in July 2026, Future State explores the implications for Europe’s financial services landscape. With key reforms underway across retail investment, pensions and UCITS, the episode highlights how Ireland can help shape capital markets outcomes—leveraging strong alignment between EU priorities and domestic policy to reinforce its position as a leading fund domicile and support long-term investment.See omnystudio.com/listener for privacy information.
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  A Sneak Peek at State Street’s 5th Annual Private Markets Survey 16.06.2026 12分

  State Street has been tracking private markets longer—and more deeply—than most in the asset servicing industry. In this sneak peek of our fifth annual Private Markets Survey, we reflect on five years of findings and explore what’s new in this year’s data, from persistent investor demand to the realities of democratization and operational scale.See omnystudio.com/listener for privacy information.
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  The ETF Signals heard across three continents 01.06.2026 21分

  As ETFs continue to evolve from a product wrapper into core market infrastructure, global perspectives are becoming increasingly important. In this episode of Future State, we explore how the ETF landscape is changing across regions—and what those shifts mean for issuers, asset managers, and investors. Anna Bernasek is joined by Jeff Sardinha, Global Head of ETF Solutions at State Street, following an extended global roadshow across Europe, Asia, and Australia. Drawing on conversations with clients, exchanges, and regulators, the discussion examines the forces shaping the next phase of ETF growth—from the rise of active strategies and expanding use cases to regulatory developments, market structure, and the growing complexity of products. The conversation offers a grounded, global view on where momentum is building, how firms are adapting, and what industry leaders should be watching as ETFs continue to scale and mature.See omnystudio.com/listener for privacy information.
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  The Shifting Global Landscape for Retirement 12.05.2026 20分

  In this episode hosts Tadhg Young and Anna Bernasek explore the shifting global landscape for retirement and what it means for financial services. They’re joined by Brendan Curran, Head of US Retirement at State Street Investment Management, and Jasper Martens, CMO of PensionBee, to discuss the macro forces reshaping retirement systems: longevity, changing career patterns, technology-driven engagement, and evolving capital markets. The conversation highlights emerging opportunities as firms adapt to a fast-changing market.See omnystudio.com/listener for privacy information.
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  Digital Assets: A Regulatory Reality Check 28.04.2026 21分

  As digital assets move toward institutional scale, regulation has become the defining factor. In this episode of Future State, we take a clear, fact‑based look at the evolving regulatory landscape and what it means for institutional markets. Cutting through hype and speculation, the conversation explores how regulation is shaping operating models, risk decisions, and the path from experimentation to scale.See omnystudio.com/listener for privacy information.
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  Beyond the Buzzwords: Digital Assets, Defined for Institutions 31.03.2026 14分

  In this episode, we explore the future of digital assets through a clear, fact-based lens—cutting through complexity to focus on the trends and regulatory developments that matter most. From evolving market dynamics to policy considerations shaping institutional adoption, the conversation provides essential context for navigating what’s ahead. Listeners will come away with a grounded understanding of how digital assets are maturing, where momentum is building, and how regulatory frameworks are influencing the path —cutting through complexity to focus on the trends and regulatory developments that matter most.See omnystudio.com/listener for privacy information.
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  2026 Private Markets Outlook: Access, Scale and the New Operating Reality 17.03.2026 21分

  As private markets evolve, access is expanding, but so is complexity. In this episode of Future State, Tadhg Young and Katherine Lucas are joined by State Street’s Global Head of Alternatives, Scott Carpenter and Alpha FMC’s Jonathan Balkin to explore the structural forces shaping private markets in 2026. The conversation encompasses key themes influencing the space, from semi‑liquid vehicles and operational scale to retirement access and asset class opportunities. A pragmatic, execution‑focused conversation for leaders navigating what comes next. See omnystudio.com/listener for privacy information.
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  Signals Shifting the Industry: Inside the Markets 2026 Outlook 03.03.2026 20分

  In this episode, Lee Ferridge, Senior Managing Director, Head of Multi-Asset Strategy, The Americas joins us to unpack Market Signals and Shifts: What to watch in 2026, exploring how interest rate trends, currency movements, and asset allocation strategies will shape institutional portfolios. From AI-driven analytics to emerging market opportunities, we break down what these developments mean for asset managers and owners. Tune in for actionable insights and a forward-looking discussion on how we help clients prepare for volatility and structural change.See omnystudio.com/listener for privacy information.
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  From Data to Decisions: Intelligence at Market Speed 25.02.2026 20分

  State Street Data Intelligence transforms proprietary data into actionable insights that help investors make faster, better decisions across investments, operations, and distribution. It delivers near real‑time clarity on inflation, media sentiment and private capital performance by leveraging millions of daily data points and State Street’s unique position across asset classes. Tune in for an in-depth discussion with our head of Data Intelligence, Will Kinlaw.See omnystudio.com/listener for privacy information.
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  From ‘Why’ to ‘How’: Inside Digital Asset Allocation for Institutional Investors 18.02.2026 11分

  In this episode, we unpack the latest Digital Digest, our research driven publication exploring how digital assets and emerging technologies are reshaping the industry based on a large-scale survey of institutional investors. From rising allocations and tokenization trends to the convergence of blockchain, GenAI, and the hybrid future of finance, we break down what these developments mean for asset managers and owners. Tune in for actionable insights and a forward-looking discussion on how State Street is helping clients navigate the digital transformation of financial services. See omnystudio.com/listener for privacy information.