State Street Releases Investment Servicing Solution for Asset Managers
State Street has released a new investment servicing solution to support small to mid-sized asset managers with their investment operations needs.
Based on its outsourcing platform, the global investment servicing solution includes transaction management, record-keeping, corporate action processing, data management, reconciliation, pricing and information delivery. Its short implementation timeline of four to six months may lead to lower project cost and faster time to market for investment managers. Maintenance of system infrastructure and software is handled by State Street, and is further optimized by its scalable servicing model.
"Asset managers are confronting a range of challenges from heightened complexity as well as data and reporting needs, to regulatory changes that put added pressure on their existing platforms," says Jeff Conway, global head of State Street's investment manager services team.
"Our industry-leading investment operations service aims to provide small and mid-sized investment managers with a scalable, lower risk, lower-cost technology option than building their own system or buying software."
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