State Street awarded Equitable Life Mandate

Equitable Life Assurance Society has selected State Street as its global custodian and investment accounting service provider for its $3.4 billion assets under management (AuM).
By Amy Saul(2147489671)

Equitable Life Assurance Society has selected State Street as its global custodian and investment accounting service provider for its $3.4 billion assets under management (AuM).


The mandate will apply across all 90 of Equitable Life’s U.K.-based pension and life funds. “State Street… offer an integrated model with the ability to add further services when required. This was instrumental in our decision to work with them,” says Simon Small, finance director at Equitable Life.

“Life assurance companies are faced with a challenging environment as regulation and technology drive the need for investment and change. Firms now need more advanced tools capable of managing risk and optimising investment performance across today’s complex investment portfolios,” adds Martha Whitman, head of insurance solutions EMEA, State Street.

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