State Street Corporation completed the acquisition of IT Business Unit of Intesa Sanpaolo.

State Street Corporation, a financial service and bank holding company, completed the acquisition of IT Business Unit of Intesa Sanpaolo, an Italian banking and financial services group. Financial terms were not disclosed. “We are delighted to continue and expand our partnership with State Street, which has lasted for over 15 years and confirms Intesa Sanpaolo as a reliable and strategic partner for financial institutions in both the domestic and international markets, with a specialized and global commercial approach that offers innovative, customized, and integrated solutions for custody, securities administration, settlement, and clearing operations,” Stefano Favale, Intesa Sanpaolo Head of Global Transaction Banking.