In the Germany-based role, Przewloka will lead SSBI’s custody and investment servicing business in Continental Europe. He replaces Stefan Gmuer, CEO for the past two decades
State Street agreed that “it is not in the best interests of clients, shareholders or employees to continue to invest time and resources in the transaction in this challenging financial services M&A environment”
State Street has been appointed by China’s Harvest Fund Management to provide onshore CNY foreign exchange hedging services for the Qualified Domestic Institutional Investor investment funds
The mandate will see State Street provide back office services, including custody, accounting and unit pricing, performance and analytics, tax and regulatory reporting and loan servicing
State Street is to open a new office in Chile to help the firm serve and support institutional clients in South America, with a focus on custody, fund administration and securities lending
The conclusion was reached at a panel entitled ‘Servicing digital assets: Who will win the battle?’, a name at odds with the observations, insights and future plans that the speakers presented
Through the partnership, State Street Global Advisors will be able to develop and manage investment products and strategies using Barclays QPS’ systemic strategy indices