The tech vendor giant outlined an opportunity to review its fees for outsourcing services, including its fund administration business.
The improved performance in the last three months followed a renewed focus on its largest asset manager and asset owner clients.
Ron O’Hanley, CEO and president of State Street, explained this period of ‘extraordinary price pressure’ could be levelling out for the global custodian.
The fund administrator also plans to leverage the GoldenSource platform to support its onboarding abilities for other data types.
State Street has highlighted its upcoming execution priorities, the formation of a new pricing committee, and how it will expand its asset servicing business.
FCA’s Investment Management Sector View revealed the regulator’s belief that the UK custody market is working well in pricing bundled services.
Leading custody experts from Citi, HSBC and SGSS will give an eagle-eye view of the key trends in the industry.
Acquisitions are enabling larger fund administrators to offer the same pricing as independent administrators, according to one industry expert.