State Street Corporation has established a new office in Manila, the Philippines.

The new office, scheduled to open in the second half of 2026, will further strengthen State Street’s global operating model and expand its processing capabilities, complementing the firm’s existing operations across the Asia-Pacific region.

“The Asia-Pacific region is critical to our long-term growth strategy,” says Ann Fogarty, chief operating officer for investment services, State Street. “The expansion into Manila is an important step in the continued evolution of our global operating model as we continue to support significant client growth in the region.”

Manila offers access to a young, diverse, and highly educated workforce, drawing talent from the city’s well-established University Belt and its strong pipeline of graduates with financial services and operations expertise.

With US$54.5 trillion in assets under custody and/or administration as of March 31, State Street services more than 12% of the world’s assets. The firm operates in more than 100 geographic markets and employs approximately 51,000 people worldwide.

State Street established its presence in Asia-Pacific more than 40 years ago and today operates 16 offices across the region.