Equity Trustees Awards State Street Expanded Custody Contract


Mick O’Brien

State Street Corporation (NYSE:STT) has announced that Equity Trustees (ASX: EQT), Australia’s leading trustee company, has appointed State Street for custodial and investment administration services of Equity Trustees Wealth Services Limited funds.

Building on a longstanding relationship, this new agreement will see State Street provide Equity Trustees with market-leading back office services including custody, fund accounting, regulatory reporting, compliance and tax services across a variety of Managed Investment Schemes and Trusts.

“This mandate reflects the strong working relationship between Equity Trustees and State Street” said Daniel Cheever, Head of State Street Global Services for Australia. “We are delighted to expand our relationship to provide this service to two parts of the EQT Group of companies and look forward to supporting their growth,” he said.

Equity Trustees’ Managing Director Mick O’Brien said: “As Australia’s leading trustee, we are entrusted with supporting our clients and their beneficiaries, and this includes managing their money, through to safekeeping their funds. We are confident that State Street has the right expertise and resourcing to support our back office as we continue to focus on our core business of acting as a professional trustee.”

You must be logged in to post or view comments.