State Street Awarded Global Mandate by Allianz Global Investors
January 25 2017 - 9:26AM
Business Wire
State Street Corporation (NYSE: STT) announced today that it has
been appointed by Allianz Global Investors (AllianzGI) to provide a
wide range of investment services. The agreement expands an
existing relationship into a strategic global partnership with
State Street delivering a broad spectrum of investment servicing
solutions for more than EUR 450 billion in assets under
management.
State Street will provide middle and back office solutions
including fund administration, depository and trustee services,
global custody, transfer agency, share class hedging, and data
consolidation services. The mandate remains subject to approvals of
applicable funds’ boards as well as customary regulatory
approvals.
Jeff Conway, chief executive officer for EMEA at State Street
said, “We are delighted to expand our relationship with Allianz
Global Investors and are looking forward to the next phase of this
strategic partnership, which defines a new service model for
leading asset managers. State Street’s data consolidation and
analytics capabilities are a cornerstone for creating a joint end
to end operating model that will service AllianzGI across all asset
classes and jurisdictions and support their future growth. This
mandate demonstrates the value of a true partnership with our
client.”
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $29 trillion in assets under
custody and administration and $2 trillion* in assets under
management as of December 31, 2016, 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 website at www.statestreet.com.
* Assets under management were $2 trillion as of December 31,
2016. AUM reflects approximately $31 billion (as of December 31,
2016) with respect to which State Street Global Markets, LLC (SSGM)
serves as marketing agent; SSGM and State Street Global Advisors
are affiliated.
Important Information
All information has been obtained from sources believed to be
reliable, but its accuracy is not guaranteed. There is no
representation or warranty as to the current accuracy, reliability
or completeness of, nor liability for decisions based on such
information and it should not be relied on as such.
The information provided does not constitute investment advice
and it should not be relied on as such. It should not be considered
a solicitation to buy or an offer to sell a security. It does not
take into account any investor's particular investment objectives,
strategies, tax status or investment horizon. You should consult
your tax and financial advisor.
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900.
© 2016 State Street Corporation - All Rights Reserved
CORP-2587
Expiration date: 12/31/2017
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version on businesswire.com: http://www.businesswire.com/news/home/20170125005704/en/
State Street CorporationAlice Westwell, + 44 203 395
2673AWestwell@StateStreet.com@StateStreetorAnne McNally, + 1
617-664-8576AMcNally@StateStreet.com
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