State Street expands Swiss & Global services
09 January 2015 Zurich
Image: Shutterstock
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鈥檚 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鈥橬eill, head of State Street in Europe, Middle East and Africa. said: 鈥淎sset 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.鈥�
鈥淭he ability to understand what鈥檚 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.鈥�
鈥淧artnering 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.鈥�
Martin Jufer, COO for Swiss & Global added: 鈥淥ver 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.鈥�
鈥淭he 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.鈥�
State Street will service Swiss & Global鈥檚 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鈥橬eill, head of State Street in Europe, Middle East and Africa. said: 鈥淎sset 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.鈥�
鈥淭he ability to understand what鈥檚 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.鈥�
鈥淧artnering 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.鈥�
Martin Jufer, COO for Swiss & Global added: 鈥淥ver 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.鈥�
鈥淭he 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.鈥�
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