Swiss & Global Asset Management has selected State Street to provide a range of investment servicing solutions for $70bn in assets.
Under the deal, State Street will serve majority of Swiss & Global’ s range of investment funds domiciled in Switzerland and Luxembourg which also includes the Julius Baer public mutual fund family.
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In addition, State Street will also deliver custody, fund accounting and administration, asset pooling, securities lending, foreign exchange, share class hedging and transfer agency services to Swiss & Global.
Martin Jufer, COO for Swiss & Global, said: "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," Jufer added.
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