State Street has been appointed by Afore SURA, a Mexican pension fund,to provide custody and fund administration services for international segregated accounts. Afore SURA is a subsidiary of the Colombian holding firm, Grupo SURA.
State Street will provide services such as custody, fund accounting, performance and analytics, and client reporting.
“We selected State Street because of its global reach and strength in implementation of mandates,” said Enrique Solorzano, chief investment officer of SURA Mexico.
Alan Greene, executive vice president of Americas investment services and institutional services at State Street, said: “There are several global and regional long-term trends that are strengthening the opportunities for institutional investors and service providers in the Latin American region specifically Mexico, including declining inflation and an increased depth of local financial markets. State Street’s integrated multi-currency custody/administration platform is well positioned to support this growth.”
State Street Mandated by Afore SURA Pension Fund in Mexico
State Street has been appointed by Afore SURA, a Mexican pension fund, to provide custody and fund administration services for international segregated accounts.
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