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State Street Reappointed by Union Investment – Group to Provide Collateral Services

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State Street Corporation has extended its eight-year collateral services relationship with Union Investment – Group, the fund management company of the German cooperative finance network, for an additional five years, including the option for further extension.“We are delighted to announce this renewed serving agreement which builds on our established and trusted relationship with Union Investment,” says Stefan Gmuer, chief executive officer of State Street Bank International GmbH, Munich. “By providing specialised solutions to our clients, we’re helping them streamline investment operations to contain costs, reduce risk and continue adding value to their business.”

 
As part of this renewal, State Street will continue to provide collateral management services, with bi-lateral and triparty collateralisation, for the complete mutual fund range of Union Investment in Germany and Luxembourg.
 
“State Street has been a highly reliable and trusted service partner to Union Investment,” says Oliver Reinki, managing director (Geschäftsführer) at Union Service-Gesellschaft mbH. “We are confident that extending this partnership will enhance our ability to service our clients, as we continue to benefit from State Street’s products and services and dedication to service excellence.”

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