State Street has entered into an agreement with ANIMA SGR, the independent Italian asset manager with EUR198bn (USD232bn) AuM, to provide front office IT platform solutions and back-office administration services for certain ANIMA institutional and retail managed accounts (s.c. gestioni patrimoniali). Services provided by State Street in Italy cover approximately EUR24bn (USD28bn) AuM for retail and institutional mandates that will continue to be managed by ANIMA.
The agreement builds on a long-standing relationship with ANIMA that will see State Street extend its current servicing agreement with ANIMA’s Irish funds range, which offers depositary, custody, fund administration and transfer agency services. Additionally, ANIMA will expand its remit with Charles River Development, a State Street company, as reference front-office platform provider for the entire range of ANIMA fund products and for the in-scope managed accounts. In 2012 BNP Paribas acquired ANIMA’s fund accounting business in Italy.