Investec Asset Management Extends Relationship with State Street
February 05 2015 - 9:30AM
Business Wire
State Street Corporation (NYSE: STT) has extended its
relationship with Investec Asset Management for another seven years
to provide full middle office and fund accounting services across
the UK, South Africa, Luxembourg and the United States.
Investec Asset Management is a specialist investment manager
providing investment products and services to institutions,
advisory clients and individuals. Their clients include pension
funds, central banks, sovereign wealth funds, insurers,
foundations, financial advisers and individual investors.
Kim McFarland, chief operating officer of Investec Asset
Management, said: “State Street has always worked with us as a
partner and understands the constant evolving needs of our business
and the industry. We were keen to continue our relationship to
ensure State Street’s excellent support.”
John Campbell, head of Global Services for UK, Middle East and
Africa at State Street said, “We are very proud to have been able
to support Investec Asset Management during their phenomenal growth
over the past ten years and are delighted that they have chosen to
continue our successful partnership.”
“There is a new battleground for today’s asset managers,”
continued Campbell. “Our recent research1 revealed that more than
three quarters of asset managers are embarking on a fundamental
shift in their business strategy in response to changing client
demands.”
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading provider of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $28.19 trillion in assets
under custody and administration and $2.45 trillion* in assets
under management as of December 31, 2014, State Street operates in
more than 100 geographic markets worldwide, including the US,
Canada, Europe, the Middle East and Asia. For more information,
visit State Street’s web site at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF (approximately $27.3 billion as of December 31, 2014), for
which State Street Global Markets, LLC, an affiliate of SSgA,
serves as the distribution agent.
1 State Street commissioned FT Remark to conduct a global survey
of 300 senior executives at asset management firms from April –
May. Respondents were equally distributed across North America,
Europe and Asia Pacific and managed at least $5 billion in retail
and/or institutional client assets.
CORP-1279
State Street CorporationNoreen Shah, +44 203 395
7033nshah@statestreet.com
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