State Street has been tracking private markets longer—and more deeply—than most in the asset servicing industry. In this sneak peek of our fifth annual Private Markets Survey, we reflect on five years of findings and explore what’s new in this year’s data, from persistent investor demand to the realities of democratization and operational scale.

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As ETFs continue to evolve from a product wrapper into core market infrastructure, global perspectives are becoming increasingly important. In this episode of Future State, we explore how the ETF landscape is changing across regions—and what those shifts mean for issuers, asset managers, and investors.

Anna Bernasek is joined by Jeff Sardinha, Global Head of ETF Solutions at State Street, following an extended global roadshow across Europe, Asia, and Australia. Drawing on conversations with clients, exchanges, and regulators, the discussion examines the forces shaping the next phase of ETF growth—from the rise of active strategies and expanding use cases to regulatory developments, market structure, and the growing complexity of products.

The conversation offers a grounded, global view on where momentum is building, how firms are adapting, and what industry leaders should be watching as ETFs continue to scale and mature.

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In this episode hosts Tadhg Young and Anna Bernasek explore the shifting global landscape for retirement and what it means for financial services. They’re joined by Brendan Curran, Head of US Retirement at State Street Investment Management, and Jasper Martens, CMO of PensionBee, to discuss the macro forces reshaping retirement systems: longevity, changing career patterns, technology-driven engagement, and evolving capital markets. The conversation highlights emerging opportunities as firms adapt to a fast-changing market.

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