State Street creates new group ESG advisor role to shape future solutions
The new role will focus on coordinating State Street’s ESG efforts and strategies, as well as providing enterprise-wide leadership of its ESG solutions.
The new role will focus on coordinating State Street’s ESG efforts and strategies, as well as providing enterprise-wide leadership of its ESG solutions.
State Street aims to use Advent Geneva as the foundation of its hedge fund services platform, while also developing its own new features and applications for hedge fund clients.
State Street will continue to provide collateral management services for the complete mutual fund range of Union Investment in Germany and Luxembourg.
Asset managers and asset owners with over $100 billion in assets under management (AuM) said they plan to reduce their number of service providers.
The mandate is the latest in string of deals that State Street has resigned with some of its key asset manager and asset owner clients.
The deal expands State Street’s current mandate with PAOH as the custodian and fund administration of the Ping An Global Infrastructure funds.
The appointment is the latest in a string of hires by TMF Group as it looks to bolster its global fund administration capabilities with seasoned experts.
State Street will expand its client coverage model, initially devised for its largest 50 buy-side clients, to 150 clients with AUM between $50-100 billion.
The partnership rounds off State Street's front-to-back offering to buy-side clients and marks its first for the EMEA region.
Our editors summarise the biggest talking points for securities services providers from this year’s Sibos digital event.