State Street Corp., the financial industry's biggest recordkeeper, doesn't plan to be part of any consolidation trend that might spread through the custody services industry.

In a recent speech to the Greater Boston Chamber of Commerce and in an interview with the Boston Globe, State Street CEO Ron Logue said that staying independent makes sense not only to save jobs in Boston, but also for the company's shareholders. "We believe that our independence gives us our secret weapon -- our focus," he said.

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