09 January 2015
Reporter: Mark Dugdale

State Street expands Swiss & Global services

Swiss & Global Asset Management has chosen State Street to provide investment servicing solutions, including securities lending, for $70 billion in assets, expanding existing relations between the institutions.

State Street will service Swiss & Global’s investment funds domiciled in Switzerland and Luxembourg, including its Julius Baer public mutual fund family.

It will also provide custody, fund accounting and administration, securities lending, foreign exchange and share class hedging services.

Peter O’Neill, head of State Street in Europe, Middle East and Africa. said: “Asset managers today face an increasingly complex environment. Our goal is to provide them with the integrated solutions they need to navigate these complexities and focus on their core business.”

“The ability to understand what’s driving investment performance, and report on it more comprehensively than ever before, is also critical at a time when investors and regulators are highlighting risk and transparency.”

“Partnering with companies like State Street to manage functions like custody, accounting, asset pooling and analytics helps asset managers to focus more of their resources on growing their business.”

Martin Jufer, COO for Swiss & Global added: “Over the past two years Swiss & Global has built a partnership with State Street as they provided servicing solutions for a component of our investment funds.”

“The appointment of State Street to service the majority of our investment funds is a testament to their capabilities and high service quality for complex investment funds domiciled in several jurisdictions.”

More mandate news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Pension fund mandate for BNP Paribas
22 September 2017 | London | Reporter: Drew Nicol
BNP Paribas has been appointed to provide global custody for £3 billion in pension fund assets for the West Sussex Pension Fund
Lombard Risk dominates Canada with new mandate win
18 July 2017 | London | Reporter: Drew Nicol
Lombard Risk Management has tightened its grip on the Canadian banking market with another major bank signed up to its flagship Colline collateral management solution
Mirae Asset Securities chooses BNP Paribas for global custody
12 July 2017 | New York | Reporter: Mark Dugdale
BNP Paribas will provide the US broker-dealer and subsidiary of Mirae Asset Financial Group with global custody services in the Americas, Europe and Asia
Italian pension fund Fondo Pensione Prevedi has selected BNP Paribas Securities Services to provide it with securities lending services
LGPS board releases transparency code for managers
22 May 2017 | London | Reporter: Drew Nicol
Asset managers looking to claim mandates from the LGPS pooling initiative can now sign up to a new fee transparency code ahead of the April 2018 deadline
SS&C wins expanded Acadian mandate
17 May 2017 | Connecticut | Reporter: Drew Nicol
Acadian Asset Management cites collateral management and accounting expertise as key to SS&C mandate
Pension funds pick NT for sec lending
28 April 2017 | Belfast | Reporter: Stephanie Palmer
Northern Trust has secured its thirteenth Irish state pension fund as a securities lending services client