State Street Announces Global Custody Mandate with Bladex
May 10 2023 - 9:00AM
Business Wire
Appointment builds on State Street’s ongoing expansion of
regional capabilities in Latin America
State Street Corporation (NYSE:STT) today announced that it has
been appointed to provide custody services for Bladex, a
Panama-based multinational bank established by the central banks of
23 Latin-American and Caribbean countries to promote foreign trade
and economic integration in the region.
“We are pleased to announce this mandate with Bladex, as we
continue to expand our custody capabilities across the region,
furthering our goal of supporting leading institutional clients in
Latin America,” said Marcia Rothschild, State Street head of Latin
America. "We look forward to partnering together to help Bladex
generate and sustain growth to meet their investment
objectives.”
As one of the leading custodians, global custody is at the core
of State Street’s capabilities. The firm offers a comprehensive
suite of custody services, such as safekeeping and settlements,
corporate actions, proxy services network management, cash
management and real-time reporting.
“We are confident that establishing this relationship with State
Street will provide us with a robust and efficient platform to
expand our scale and meet our future growth objectives,” said
Eduardo Vivone, executive vice president, Treasury and Capital
Markets, Bladex.
Today’s announcement further complements work that has been
underway in Latin America over the past several years. In 2022,
State Street announced the opening of a new office in Chile to help
the firm serve and support institutional clients in the region, and
also launched an integrated fund trading solution along with a
custody offering for clients in Mexico. Additionally, in 2021, the
firm announced that its Brazilian bank, Banco Comercial (formerly
known as Natixis Brasil S.A. - Banco Múltiplom),, began offering
full foreign exchange (FX) trading capabilities and sales
operations.
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 $37.6 trillion in assets
under custody and/or administration and $3.6 trillion* in assets
under management as of March 31, 2023. State Street operates
globally in more than 100 geographic markets and employs
approximately 43,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of March 31, 2023 includes
approximately $59 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated
© 2023 State Street Corporation - All Rights Reserved
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Media: Brendan Paul bpaul2@statestreet.com +1 401 644
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