State Street has made some significant changes to its Management Committee, the company’s most senior strategy and policy-setting team. Francisco Aristeguieta will establish a new global unit, Institutional Services, which will include the global clients division, segments, sales and client coverage, client program office, and marketing. Reporting to Aristeguieta will be Donna Milrod, head of…
Category: State Street
BNY Mellon’s Kate McCabe joins State Street as AO sector sales lead
State Street has hired Kate McCabe as sector sales lead for its asset owners team, based in the U.S. McCabe joins from BNY Mellon, where she spent a total of 25 years in two stints, most recently as U.S. head of asset owner business development. Last year State Street hired Bob Dollard from BNY Mellon…
FNZ and State Street to collaborate on wealth manager servicing
FNZ and State Street are collaborating on a new wealth manager servicing venture. FNZ will acquire a majority stake in State Street’s wealth manager services (WMS) business, with State Street retaining a minority interest. Terms of the transaction, which is expected to close in Q4 2020, are not being disclosed. Upon full implementation, the new…
State Street to service Fidelity’s new semi-transparent ETFs
State Street has been appointed ETF servicing agent for Fidelity Investments’ new range of semi-transparent, actively managed ETFs. Fidelity is the first asset manager to receive regulatory approval for three investment strategies: Fidelity Blue Chip Growth ETF, Fidelity Blue Chip Value ETF, and Fidelity New Millennium ETF, which will be available through Fidelity’s proprietary proxy…
State Street joins forces with Coremont to offer E2E service for hedge fund managers
State Street has entered into an alliance with Coremont, the operations specialist that was spun out from Brevan Howard, a UK hedge fund manager. The alliance will provide fully integrated outsourcing services for hedge fund managers, covering front, middle and back office operations, combining Coremont’s portfolio management analytics and support with State Street’s asset servicing…
State Street to service first ETF for Water Island Capital
State Street has been appointed as the ETF servicing agent for Water Island Capital’s first ETF, the AltShares Merger Arbitrage ETF, tracking the Water Island Merger Arbitrage USD Hedged Index. State Street will provide services including basket creation, settlement, custody, fund accounting, electronic order-taking, financial reporting, and transfer agency. State Street has worked with WIC…
State Street collaborates with CLS for FX settlement reporting
State Street is collaborating with CLS, an FX market infrastructure group delivering settlement, processing and data solutions, to provide asset managers with a consolidated view of CLS settlement information across their accounts for the first time. The collaboration will combine TradeNeXus, State Street’s electronic post-trade processing service, with CLS’s post-trade monitoring and reporting tool, CLSTradeMonitor,…
State Street forms alliance with Virtus for CDO/CLO processing
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…
State Street to service ACI’s new semi-transparent ETFs
State Street has been appointed ETF servicing agent and Authorized Participant Representative (APR) for American Century Investments’ new range of semi-transparent, actively managed ETFs. American Century Investments is the first asset manager to receive regulatory approval for two investment strategies, Focused Large Cap Value and Focused Dynamic Growth, both of which will be available through…
State Street partners with iCapital Network for alts distribution
State Street has entered into a new partnership with iCapital Network, the financial technology platform specialising in alternative investment. The collaboration will combine State Street’s registered transfer agency and private market fund administration capabilities with iCapital’s platform technology and distribution network to enhance the offering and servicing of U.S. registered funds. With high net worth…