State Street wins super custody mandate
State Street has been chosen as custodian and administrator of a $30 billion super fund.
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State Street has been chosen as custodian and administrator of a $30 billion super fund.
While fixed income ETFs have lagged behind their equity counterparts, outgoing Vanguard chief executive Tim Buckley expects the asset class to underpin ETF growth in the coming years.
Australia's exchange-traded fund (ETF) sector is tipped to rise 30% in 2024, buoyed by passive equity and fixed income products, State Street predicts.
Perpetual has appointed State Street subsidiary Charles River to manage front office operations for its Australian asset management business.
Over 80% of institutions globally expect sizeable opportunities to emerge from enhanced data management and usage, according to State Street's latest report.