Future State
Future State
Future State is a bi‑weekly investing podcast focused on the future of asset management, financial markets, and investment innovation. Hosted by Tadhg Young and Anna Bernasek of State Street, the podcast explores how technology, data, and product innovation are reshaping the business of investing. Each episode features industry leaders and subject‑matter experts discussing the trends that matter …
Decoding digital assets: Key findings from the 2026 study
Institutional adoption of digital assets is accelerating, but what will it take to move from readiness to adoption at scale? Matt Blumenfeld, Global and US Digital Asset Lead at PwC, and James Redgrave, Vice President, Global Thought Leadership and Editorial at State Street, join to discuss finding…
22:04
From Plumbing to Operating System: The Future of Custody
Custody is being transformed from a post-trade utility into strategic market infrastructure. As AI, data, digital assets, faster settlement, cyber risk and real-time cash converge, the winners will be the institutions that can make complexity invisible while giving clients more control, transparenc…
24:50
What’s Really Driving Inflation? Rethinking Price Signals in Real Time
What’s really driving inflation today? In this episode, Rajeev Bhargava, Head of PriceStats, and Marvin Loh, Senior Macro Strategist, explore how investors can move beyond lagging inflation indicators using real-time pricing data. Discover how millions of online prices can reveal inflation trends a…
18:46
From Assets to Outcomes: The New Retirement Imperative for Wealth Management
As retirement evolves from a savings goal into a decades-long income challenge, wealth management must evolve with it. Jennifer Stokes, Head of Wealth Custody and Clearing at State Street, explores how longevity, personalization, technology and modern custody are reshaping retirement advice and hel…
13:45
The Changing Economics of ETFs
ETFs have moved from disruptive challenger to a dominant force in global investing—and the conversation is shifting from growth to economics. In this episode, Jeff Sardinha, Global Head of ETF Solutions at State Street, joins hosts Tadhg Young and Anna Bernasek to explore what the industry’s next p…
19:08
Defending the financial system in the age of AI
In this episode, Nick Adam, Deputy Chief Information Security Officer at State Street, explores how AI is reshaping both cyber threats and cyber defense. From industry collaboration initiatives like Project Glasswing to the growing importance of resilience, simplicity, and trust, Nick shares how fi…
20:04
The Growing Importance of Liquidity in Private Markets
In this episode, Scott Carpenter, Global Head of Alternatives, and Ken Grogan, Global Head of FX Sales for Alternatives, discuss insights from our fifth annual Private Markets Study. They examine the rising importance of liquidity as investors gain greater access to private markets through semi-liq…
14:31
The Eurozone and Stablecoins
In this episode, Elliot Hentov, Chief Macro Policy Strategist at State Street Investment Management, and John Orchard, Chairman at OMFIF Digital Monetary Institute, discuss how digital money and stablecoin innovation could create new opportunities for the euro in the global financial system. The co…
19:38
Scaling the Future of Private Markets
In this episode of Future State, hosts Anna Bernasek and Tadhg Young speak with Yvonne Garcia, Head of Asset Manager Clients, North America at State Street, about the next phase of growth in private markets. Drawing on insights from State Street's fifth annual private markets survey, they explore t…
15:28
The signals emerging from the State Street Markets Research Retreat
What makes the State Street Markets Research Retreat one of the industry's most distinctive investor events? In this episode, join Michael Metcalfe, Head of Macro Strategy at State Street Markets, as he shares the history and evolution of the global retreat series and unpacks the market forces shap…
19:45