State Street has formed an alliance with Virtus from FIS to provide collateralized loan obligation (CLO) and collateralized debt obligation (CDO) technology management solutions to clients in the United States and Europe. Through this alliance, State Street will leverage Virtus’ business process-as-a-service solution to provide services jointly to CLO and CDO clients. Virtus will deliver collateral administration and State Street will provide trustee, registrar, transfer agency, paying agency, bank account and custody services.
