“Private assets are one of the fastest growing sectors of the financial industry. We are excited to be working with Apollo, a global leader in alternative assets, to continue to increase accessibility to private markets, opening them to an even larger cross section of investors,” said Ron O’Hanley, president and chief executive officer of State Street.
State Street and Apollo join forces to broaden investor access to private markets
State Street appointed to provide investment services to AZ Quest
“We are pleased to announce this relationship with AZ Quest, as we continue to expand our capabilities across the region, furthering our goal of supporting leading institutional clients throughout Latin America,” said Marcia Rothschild, State Street head of Latin America.
Alberto Menéndez leaves institutional distribution at Credicorp to join State Street
The executive will take over management of the State Street office in Chile. The US firm maintains its distribution agreement with Credicorp.
State Street to acquire Brown Brothers Harriman Investor Services
The acquisition will advance State Street’s strategy as an enterprise outsource solutions provider, strengthening competitive positioning, expanding geographic coverage and enhancing client experience.
Survey: Most institutions pleased with managers’ stepped-up communication during crisis
State Street's John Lehner sees "an opportunity for asset managers to provide more strategic views and forecasts through technology, such as podcasts, webinars and video conference calls.”
Colombian AFPs post broad retreat from global equities
Colombian AFPs pulled away from cross-border funds and ETFs in May, yanking USD 1.2 billion mostly from equity funds as global markets reeled amid trade tensions.
Colombian AFPs sold equity funds and ETFs in February, despite rally in global stocks
The AFPs finished February with USD 16.6 billion invested in cross-border funds and ETFs, 95% of which was in equities. Many had adopted a wait-and-see posture, or were selling into rallies.