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Perpetual appoints State Street as custodian


RBC Investor and Treasury Services announced it would leave the Australian market in December, 2019, creating issues in the Australian custody market.
Rob Adams, Perpetual chief executive and managing director, said the firm looked for a provider who could offer a high calibre service who could align with their growth strategy to expand into new markets.
“State Street emerged as strong partner demonstrating deep middle office and custodial experience in both domestic and global markets,” Adams said.
“After a thorough review of a number of providers, we believe State Street is a complementary fit for Perpetual, particularly as our business becomes increasingly global in nature. ....

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