State Street expands its relationship with Thornburg
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State Street expands its relationship with Thornburg 09 April 2026US Reporter: Zarah Choudhary
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State Street has announced the expansion of its relationship with Thornburg Investment Management, a privately owned global investment firm.
State Street will be providing end-to-end servicing support for Thornburg’s new ETF share classes.
Under the expanded mandate, State Street will deliver ETF servicing for Thornburg’s new share classes, including custody, accounting, ETF basket creation, create-and-redeem order management, ETF settlement, transfer agency, and reporting.
The firm says that the announcement marks only the second active ETF share-class servicing mandate in the US, with State Street serving as provider.
Donna Milrod, chief product officer at State Street, says: “Thornburg has a long history of delivering differentiated, actively managed strategies, and we’re proud to support the continued evolution of their ETF platform.
“Our role is to provide the operational scale and flexibility that allows clients to focus on investment outcomes, while ensuring a consistent and seamless experience across fund structures.”
Mark Zinkula, CEO of Thornburg, adds: “State Street has been a trusted partner to Thornburg for decades. Their deep experience across fund structures and their ability to support the full ETF lifecycle positions them well to help us meet evolving client needs.”
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