State Street Corporation has been appointed by M&G Investments to provide investment services for GBP5.8 billion in assets under administration.
State Street will provide share pricing and fund accounting for a number of M&G funds that have the ability to invest in complex bonds and OTC derivatives.
State Street has also converted 38 John Hancock retail funds worth approximately USD15 billion in assets. State Street was appointed by John Hancock last year to provide custody and fund accounting services for the mutual funds.