State Street’s COO for front-to-back platform Alpha departs
After over a decade with the custodian, State Street’s COO for Alpha departs for major role at Janus Henderson.
After over a decade with the custodian, State Street’s COO for Alpha departs for major role at Janus Henderson.
State Street will provide front-office technology and back-office administration services relating to €24 billion of retail and institutional funds managed by ANIMA.
The move comes as custodians review their legacy technology platforms in order to cater for the many nuances and complexities inherent in private markets.
State Street reported two new Alpha deals, including LGIM and Invesco, as well as five Alpha client mandates that went live at the end of the second quarter.
Custodian’s front-to-back strategy shift continues to see rewards with a third of mandates relating to Alpha.
$1.4 trillion asset manager agrees to use State Street’s front-to-back asset servicing platform as the custodian announces Q1 revenues.
Vontobel Asset Management will use State Street Alpha for front-office technology, investment operations and data services, and liquidity risk solutions.
Custodian addresses data demands with new open architecture platform leveraging Snowflake and Microsoft Azure partnerships.
State Street will provide outsourced non-US equity trading and middle-office services for GIM’s international equity strategy.