18 February 2018
Visit www.avoka.com

Martin Currie appoints State Street to run middle- and back-offices

18 April 2011  |  3670 views  |  0 Source: State Street

State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, announced today that it has been appointed by Martin Currie Investment Management Limited to provide a range of services for approximately £11 billion1 in assets.

State Street has provided Martin Currie with services including depositary and custody for the Martin Currie Open-Ended Investment Company (OEIC) since 1998. With its expanded relationship, State Street will provide fund accounting, custody and transfer agency services as well as middle office investment operations outsourcing services on a global basis for all funds managed by Martin Currie.

"We are very pleased to expand our long-standing relationship with State Street, as we set out to achieve further operational and cost efficiencies," said Willie Watt chief executive officer of Martin Currie Investment Management. "Our objective was to consolidate all of our administration with a single global provider, and State Street offered the most compelling service proposition together with a proven record of excellence to meet our requirements."

"We are delighted to have expanded our relationship with Martin Currie to include additional services for their global funds," said Joe Antonellis, vice chairman of State Street. "With the increase in new investment products spanning multiple jurisdictions, investment managers are increasingly turning to third party providers and we stand ready to help our clients improve efficiencies and reduce costs. With this agreement we continue to enhance our position as the market leader of investment operations outsourcing services."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsVisit https://www.capgemini.comvisit www.ebaday.com

Who is commenting?

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
10470 views comments | 16 tweets | 11 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8257 views comments | 15 tweets | 41 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
7748 views 10 comments | 21 tweets | 26 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
7619 views 3 | 9 tweets | 4 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job