State Street has completed implementation of State Street Alpha, its front-to-back asset servicing platform for institutional investment and wealth managers, with BMO Global Asset Management. BMO GAM is a Canadian asset manager with a range of mutual funds, ETFs, alternative funds, and other investment products.
BMO GAM began the implementation of State Street’s Alpha platform just under two years ago and now leverages Alpha’s end-to-end capabilities across the front, middle and back office, incorporating Charles River Development, custody, registrar and transfer agency, accounting and a range of supplementary services.
Bill Bamber, CEO, BMO GAM, said: “BMO GAM has been a long-term partner of State Street who has operated our middle and back-office services for many years. By adopting the State Street Alpha solution, we can provide our experienced investment teams with a market-leading end-to-end platform that will benefit the business both now and in the future. Our partnership has enabled us to continue to streamline and modernise our operating model.”