London
26 January 2017
Reporter: Stephanie Palmer
State Street secures investment services mandate
Allianz Global Investors has appointed State Street to provide a range of investment services for its more than €450 billion in assets under management.

State Street will provide middle- and back-office services including fund administration, depository and trustee, global custody, transfer agency and data consolidation services.

The mandate comes as a win for State Street, after BlackRock announced plans to move $1 trillion of its clients’ assets under custody from State Street to J.P. Morgan.

The Allianz mandate is subject to approval from the boards of the applicable funds, and to customary regulatory approvals.

Jeff Conway, CEO for State Street in Europe, the Middle East and Africa, said: “We are delighted to expand our relationship with Allianz Global Investors and are looking forward to the next phase of this strategic partnership, which defines a new service model for leading asset managers.”

“State Street’s data consolidation and analytics capabilities are a cornerstone for creating a joint end to end operating model that will service Allianz Global Investors across all asset classes and jurisdictions and support their future growth. This mandate demonstrates the value of a true partnership with our client.”

More fund services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
MainstreamBPO to expand in Europe and Cayman through Trinity acquisition
23 May 2017 | Sydney | Reporter: Stephanie Palmer
MainstreamBPO has entered into an agreement to acquire Trinity Fund Administration in Dublin and the Cayman Islands
Clearstream sees slight April upticks
22 May 2016 | London | Reporter: Stephanie Palmer
According to Clearstream’s monthly figures report, assets under custody increased from the €13.03 trillion recorded in April 2016
LGPS board releases transparency code for managers
22 May 2017 | London | Reporter: Drew Nicol
Asset managers looking to claim mandates from the LGPS pooling initiative can now sign up to a new fee transparency code ahead of the April 2018 deadline
Asset managers tackle Chinese bond market issues
19 May 2017 | Beijing | Reporter: Drew Nicol
Hong Kong asset managers met in Beijing to discuss the challengers surrounding China’s lucrative bond market
RBC wins Irish assets mandate
18 May 2017 | London | Reporter: Drew Nicol
Royal Bank of Canada has been chosen by Chiron Investment Management to act as custodian and fund administrator for its new Irish-domiciled Chiron Global Opportunities UCITS fund
Deutsche Bank adds to Pacific Life mandate
17 May 2017 | New York | Reporter: Drew Nicol
Deutsche Bank's fund services business will provide fund accounting and investor services to the Cadence Global Equity Fund LP
SS&C wins expanded Acadian mandate
17 May 2017 | Connecticut | Reporter: Drew Nicol
Acadian Asset Management cites collateral management and accounting expertise as key to SS&C mandate
More fund services news