Liontrust Reappoints State Street as Global Custodian; Expanded Mandate Includes New Suite of Client Reporting Services
September 06 2005 - 1:13PM
Business Wire
State Street Corporation (NYSE: STT), the world's leading provider
of services to institutional investors, announced today that it has
been reappointed by Liontrust Asset Management PLC to provide an
expanded range of financial services. The agreement extends State
Street's longstanding relationship with Liontrust, which currently
has assets under management of more than GBP 4 billion. Under the
terms of the agreement, State Street will continue to provide
Liontrust with fund accounting, custody and trustee services. WM
Performance Services, the European performance measurement division
of State Street, will also provide Liontrust with a comprehensive
client reporting package, including monthly and quarterly reports
and performance analysis, as well as WM's Global Investment
Performance Standards (GIPS) verification reporting service. "State
Street has been a valued partner for more than 10 years," said
Vinay Abrol, chief operating officer for Liontrust. "They have
consistently delivered a high standard of investment services
expertise to us, and we are delighted to announce the extension of
our partnership, and indeed the expansion of it to encompass WM's
offering." "Our relationship with Liontrust has gone from strength
to strength, particularly in recent years," said Wade McDonald,
head of State Street's Asset Management and Bancassurance Group in
Northern Europe. "We think it speaks very highly of our service
quality and spirit of innovation that Liontrust, a legacy Deutsche
Bank Global Securities Services customer, has continued to
incorporate more and more of State Street's service offering over
time. This latest expansion also testifies to WM's position as the
market leader across a wide range of performance evaluation and
measurement services." State Street Corporation (NYSE: STT) is the
world's leading specialist in providing institutional investors
with investment servicing, investment management and investment
research and trading. With $9.6 trillion in assets under custody
and $1.4 trillion in assets under management (as at 30 June 2005),
State Street operates in 25 countries and more than 100 markets
worldwide. For more information, visit State Street's web site at
www.statestreet.com. WM Performance Services is one of the world's
leading investment performance measurement businesses and is the
European performance measurement division of State Street
Corporation. Based in Edinburgh, London, Amsterdam, Paris,
Frankfurt and Zurich, WM measures more than 5,000 investment
portfolios based in the key global investment centres and provides
an extensive range of services to support better investment
decisions.
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