STATE STREET BANK INTERNATIONAL GMBH SUCCURSALE ITALIA products, services and reviews

About STATE STREET BANK INTERNATIONAL GMBH SUCCURSALE ITALIA

State Street Bank International GmbH – Succursale Italia is the Italian branch of State Street Bank International GmbH, a German-incorporated credit institution within the State Street group, focused on services for professional and institutional clients rather than retail banking. In Italy it typically provides global custody and safekeeping, depositary bank services for UCITS and AIFs, fund administration and accounting, settlement, cash and liquidity management linked to custody, foreign exchange execution related to asset servicing, collateral management, securities lending and financing where permitted, performance and risk reporting, and related operational support; it does not offer consumer products such as current accounts, cards, or mortgages. The branch operates under the German banking license passported in the EU and is subject to European banking rules under the Single Supervisory Mechanism with home-country supervision in Germany and host-country oversight for branch activities in Italy (including Bank of Italy and, for certain depositary/investment functions, Consob). Eligible deposits, if any, are covered by the German statutory deposit guarantee scheme up to the standard EU limit of EUR 100,000 per depositor, noting that many institutional balances and financial counterparties are outside deposit guarantee or investor-compensation scope; client assets held in custody are segregated under applicable EU and Italian rules. Pricing is negotiated bilaterally based on asset volumes, transaction activity, service scope, and operating model, and the bank does not publish retail tariffs; connectivity typically relies on SWIFT and industry-standard interfaces, with reporting delivered in agreed formats in English or Italian. Onboarding is subject to KYC/AML and other regulatory checks, with service levels and operational processes defined in master agreements; day-to-day servicing is provided by local teams integrated with the group’s regional and global operating centers. Financial information is disclosed at the legal-entity level by State Street Bank International GmbH through audited annual reports and Pillar 3/regulatory publications, while the Italian branch does not issue standalone financial statements. Complaints can be addressed to the branch following its internal procedure; where applicable under Italian law, consumers may refer disputes on banking and payment services to the Arbitro Bancario Finanziario, while professional clients generally follow contractual dispute mechanisms or the courts. This set-up suits institutional users seeking EU-domiciled custody, depositary, and fund administration capabilities and is not designed for retail customers.