State Street has been reappointed by Aberdeen Standard Investments (ASI) to administer back-office investment servicing solutions.
In the renewed agreement, State Street will specifically provide global custody, accounting and fund administration services for ASI’s fund ranges based in the US and Canada.
Donna Milrod, head of global clients division at State Street, noted: “The COVID-19 crisis has presented unparalleled challenges, and we remain committed to partnering with our clients to help them generate and sustain growth”
“We are very pleased to extend our very important relationship with ASI,” she concluded.
This follows as State Street released a research study in June that found institutional investors were reporting sustained high levels of confidence in their asset managers during the COVID-19 pandemic.
