State Street adds IOO to AllianceBernstein mandate
State Street will be providing investment operations outsourcing services to AllianceBernstein for more than $300 billion in client assets.
Building on its more than 30-year relationship with AllianceBernstein, State Street will provide a range of services including trade settlement, portfolio administration and reconciliation, derivative operations, client reporting, and performance measurement for AllianceBernstein’s institutional accounts.
Some 100 employees will transition from the asset management firm to State Street to provide global servicing support.
