State Street Extends Partnership with Korea’s NPS to Enable Global Equity and Alternatives Growth

Seoul, July 3, 2026 - State Street Corporation (NYSE: STT) today announced the extension of its long-standing partnership with Korea's National Pension Service (NPS), reinforcing its role as a leading global investment servicing partner to large asset owners.

Under the renewed mandate, State Street will continue to provide back- and middle-office services for NPS' global equity and global alternatives portfolios. As one of the world's largest pension funds, NPS manages KRW 1,670 trillion (USD 1.1 trillion) in assets, including KRW 600 trillion (USD 400 billion) invested in global equities¹. The scope of services includes custody, fund accounting, performance and analytics, mandate compliance, securities lending, middle-office, transaction management, trade processing, and data consolidation and customization.

"We are honored to extend our long relationship with NPS, one of the world's most sophisticated institutional investors," said Joerg Ambrosius, president of Investment Services at State Street. "This mandate underscores the value of our global scale, integrated platform and deep expertise in servicing complex, multi-asset portfolios. As asset owners continue to expand across markets and into alternatives, we are focused on helping clients operate with greater precision, transparency and insight."

State Street has supported NPS' global investment operations since 2014, with mandate renewals in 2018 and 2021, reflecting the strength and continuity of the relationship.

"Over the past decade, NPS has grown significantly in asset size, geographic reach and portfolio complexity," said Min Kim, country head for Korea at State Street. "As NPS continues to expand its global footprint and diversify its investment portfolio, State Street will provide the infrastructure, data and operational capabilities that enable growth. By delivering a fully integrated, scalable asset servicing model across public and private assets, we are helping NPS manage complexity and unlock long-term value."

State Street has maintained a long-standing presence in Korea since opening its first office in Seoul in 1998, expanding its local franchise with the opening of its Jeonju office in 2019 to support key clients, including NPS.

¹ Source: NPS website, as of end-April 2026. USD equivalents are based on the KRW/USD exchange rate as of end-April 2026. Source: Bloomberg.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With US$54.5 trillion in assets under custody and/or administration and US$5.6 trillion* in assets under management as of March 31, 2026, State Street operates globally in more than 100 geographic markets and employs approximately 51,000 worldwide. For more information, visit State Street's website at https://www.statestreet.com.

*Assets under management as of March 31, 2026 includes approximately US$184 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.

© 2026 State Street Corporation

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Exp. June 30, 2027