State Street’s Powers Seeks to Expand Active Money Management

Feb. 9 (Bloomberg) -- Scott Powers, head of State Street Corp.’s investments unit, said the Boston-based company is looking to increase its active management business.

“We’re focused on broadening out our active capabilities,” Powers said during a presentation in New York to analysts. He said the company wouldn’t consider acquisitions in passive investing.

--Editor: Christian Baumgaertel

-0- Feb/09/2012 19:02 GMT

-0- Feb/09/2012 19:04 GMT

To contact the reporter on this story: Christopher Condon in Boston at ccondon4@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net -0- Feb/09/2012 19:01 GMT