State Street to acquire Brown Brothers Harriman Investor Services

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State Street Corporation and Brown Brothers Harriman & Co. (BBH) has announced that they have entered into a definitive agreement for State Street to acquire BBH’s Investor Services business, including its custody, accounting, fund administration, global markets and technology services, for $3.5 billion in cash. Following the transaction, BBH will continue to independently own and

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State Street bolsters its Collateral Management Team in APAC with new appointment

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State Street Corporation has announced the appointment of Sam Edwards as head of Collateral Management for Asia Pacific, effective immediately. Edwards, with almost two decades of experience in securities finance, and liquidity and financial resource management, will strengthen State Street’s collateral management team in Asia Pacific to better support its regional clients in devising a

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State Street supports Putnam Investments’ entry into the ETF market

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State Street Corporation has announced that it has begun working with Putnam Investments on the servicing of the investment management firm’s first actively managed, semi-transparent exchange traded funds (ETF). Putnam leverages a proxy-based actively managed ETF model for the funds. State Street continues to be an industry leader servicing over $5.5 trillion in ETF assets,

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State Street appoints new Head of Transition Management and Exposure Solutions for Asia Pacific

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State Street has announced the appointment of Elliot Graham as a Managing Director in the bank’s Portfolio Solutions team, heading the transition management business. Based in Sydney, Graham will lead State Street’s experienced Transition Management team in the Asia Pacific region and work with asset owners and managers across the Asia Pacific region to restructure

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State Street Partners with Lukka to expand digital asset fund administration capabilities for its alternative investment clients

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State Street Corporation has announced it will provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients. In partnership with Lukka, a leading enterprise crypto asset data and software provider, State Street will support its private fund clients with collection, standardisation, enrichment, reconciliation, processing and reporting related to crypto and other

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State Street and Korea’s NPS extend global equity and alternatives custody and middle-office servicing agreement

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State Street Corporation has announced that its service contract with the National Pension Service of Korea (NPS), the world’s third largest pension fund[1], has been renewed.  State Street will continue to provide back-office and middle-office services for the NPS’ global equity and alternatives portfolios which have KRW 222 trillion (USD 195 billion) and KRW 49

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State Street leverages machine learning to streamline private markets processing and document management through partnership with Canoe Intelligence

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State Street Corporation has announced it will implement a cloud-based, machine learning technology to transform private markets processing and document management. Through State Street’s partnership with Canoe Intelligence (“Canoe”), allocators and managers in the private markets sector will have an integrated experience where traditionally onerous and manual alternative investment workflows will be automated and streamlined,

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State Street appoints head of Sector Solutions, Australia and Southeast Asia

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State Street Corporation is pleased to announce the appointment of Cara Brosnan as Head of Sector Solutions, Australia and Southeast Asia with immediate effect. In this newly created role, which will be based in Sydney, Ms Brosnan will lead sales across all of State Street’s products and client sectors including asset managers, asset owners, insurance,

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State Street appoints Ian Martin as Head of Asia-Pacific

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State Street Corporation yesterday announced that Ian Martin has been named head of Asia-Pacific in addition to his current responsibilities as head of Global Services in the region. Martin succeeds Wai-Kwong Seck who, after eight years in the role has decided to pursue other opportunities, closer to his hometown of Singapore. Martin, a 25-year State

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State Street appoints Michele Hardeman as Head of Global Markets for Asia-Pacific

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State Street Corporation (NYSE: STT) has announced that Michele Hardeman has been named head of Global Markets for Asia-Pacific, effective immediately. Hardeman, who has relocated to Hong Kong from Boston, previously served as head of foreign exchange sales for State Street Global Markets. In her new role, Hardeman leads the strategic direction, sales, service and

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