Reported Earlier, State Street Chosen By Challenger To Manage Custody And Investment Administration For Multi-Billion-Dollar Portfolio
Portfolio Pulse from Benzinga Newsdesk
State Street has been selected by Challenger to manage custody and investment administration for a multi-billion-dollar portfolio. This partnership highlights State Street's capabilities and strengthens its position as a leading provider in the region.
September 05, 2024 | 7:11 am
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State Street has been chosen by Challenger to manage a multi-billion-dollar portfolio, utilizing the State Street Alpha® platform. This partnership enhances State Street's market position and showcases its comprehensive asset servicing capabilities.
The partnership with Challenger, a significant player in the region, is likely to enhance State Street's reputation and market position. The use of the State Street Alpha® platform demonstrates the company's comprehensive service offering, which could attract more clients and potentially lead to increased revenues.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90