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AllianceBernstein appoints State Street to provide UCITS IV KIID servicing

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State Street Corporation has extended its relationship with the AllianceBernstein Group (AllianceBernstein) to provide AllianceBernstein (Luxembourg) s.a.r.l. end-to-end production and servicing for the Key Investor Information Document (KIID), for its full range of UCITS compliant Luxembourg-domiciled funds.

KIID is a mandatory requirement of the new UCITS IV directive under which asset managers must replace their current simplified prospectus or factsheet with a KIID for each individual UCITS product sold within the European Union.
 
“We are delighted that we continue to grow our global relationship with AllianceBernstein,” says Tim Caverly, executive vice president and head of sales and business development for State Street’s Global Services business in Europe.  “State Street has a presence in all major European financial service centres and key distribution locations for UCITS funds globally. Our network gives us deep, local expertise and ensures we remain connected to regional regulators in order to provide our clients with the services they need to meet evolving requirements.”
 
State Street first partnered with AllianceBernstein in 1978 to provide US mutual fund services and has since expanded the services it provides globally to include accounting, fund administration and transfer agency through IFDS, State Street’s transfer agency joint venture with DST systems, custody and trustee services, valuation, statutory insurance reporting, quantitative research and FX execution.  

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