State Street snaps up former BNP Paribas duo for head of APAC and China roles
One of Global Custodian’s 30 to Shape the Future among new hires as State Street bolsters its APAC leadership team.
One of Global Custodian’s 30 to Shape the Future among new hires as State Street bolsters its APAC leadership team.
The mandate with Aberdeen Standard Investment is the latest in a string of high-profile custody deals signed this summer for State Street.
State Street has been appointed the securities lending agent for four Nuveen mutual funds with assets of over $4 billion.
The mandate is a vital win for State Street and its strategy on getting the most out of its largest clients.
As State Street celebrates its 50th anniversary in Europe, Middle East and Africa (EMEA), the development of locally-based solutions could be its greatest asset.
The new office will provide on-the-ground services to both institutional investors and asset managers, as it looks to strengthen its current service offering in the Middle East.
The active ETF market continues to grow, as does State Street’s ETF servicing business through new mandate wins.
BestX will provide equities TCA via its platform as State Street looks to provide multi-asset analytics to clients.
The bank is currently in the process of bringing its $3.1 trillion asset management arm onto the front-to-back Alpha platform.
The Boston-based global custodian reported increases in servicing fee revenue and assets under custody, driven by higher client activity and net new business.