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Swiss & Global Asset Management appoints State Street to provide investment servicing solutions for USD70bn in assets

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State Street Corporation (NYSE: STT) has expanded its relationship with Swiss & Global Asset Management (Swiss and Global) to provide a range of investment servicing solutions for USD70 billion in assets.

State Street will service the majority of Swiss & Global’ s range of investment funds domiciled in Switzerland and Luxembourg which also includes the “Julius Baer” public mutual fund family.  State Street will provide  custody, fund accounting and administration, asset pooling, securities lending, foreign exchange, share class hedging and transfer agency services. 

Peter O’Neill, head of State Street in Europe, Middle East and Africa, says: “We are delighted Swiss & Global has decided to expand its relationship with us. 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, member of the group management board of GAM Holding and chief operating officer for Swiss & Global, says: “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.”
 

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