Service will provide real-estate and infrastructure funds with back-office investment services.
State Street recently announced new asset servicing mandates of $1.3 trillion in its first quarter earnings.
Investments into technology was cited as a core factor for State Street achieving new business wins.
We take a closer look at the candidates for the Industry Person of the Year award. Last but not least is Rajen Shah, head of global markets, EMEA for State Street.
Lisa Lou will be responsible for managing State Street’s global services business for China and leading the bank’s China strategy.
Hooley told Global Custodian the bank is underway with a number of pilot blockchain programmes to streamline and automate processes.
Beacon is part of State Street’s five-year plan to digitally interconnect all of the custodian's systems.
BNY Mellon will provide global custody, fund accounting and transfer agency for First State Investments' UK domiciled fund.
State Street's chief executive Jay Hooley will be awarded Global Custodian's Lifetime Achievement award at the North America Industry Leaders event.
Jay Hooley will retire at the end of 2018, culminating his 30 year career at the Boston-based global custodian.