Last updated: 06:44 / Thursday, 2 February 2017
For middle and back office

State Street Awarded Global Mandate by Allianz Global Investors

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State Street Awarded Global Mandate by Allianz Global Investors
  • Servicing solutions for more than EUR 450 billion in AUM
  • Including fund administration, depository and trustee services, global custody, transfer agency, share class hedging, and data consolidation services
  • Expands an existing relationship

State Street Corporation has been appointed by Allianz Global Investors to provide a wide range of investment services. The agreement expands an existing relationship into a strategic global partnership with State Street delivering a broad spectrum of investment servicing solutions for more than EUR 450 billion in assets under management.

State Street will provide middle and back office solutions including fund administration, depository and trustee services, global custody, transfer agency, share class hedging, and data consolidation services. The mandate remains subject to approvals of applicable funds’ boards as well as customary regulatory approvals.

Jeff Conway, chief executive officer for EMEA at State Street said, “We are delighted to expand our relationship with Allianz Global Investors and are looking forward to the next phase of this strategic partnership, which defines a new service model for leading asset managers. State Street’s data consolidation and analytics capabilities are a cornerstone for creating a joint end to end operating model that will service AllianzGI across all asset classes and jurisdictions and support their future growth. This mandate demonstrates the value of a true partnership with our client.”

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