mast image

Impact Investing

IPE special report May 2018


State Street wins $45bn custody from Nuveen

US– Chicago-based mutual fund and asset management company Nuveen Investments has appointed Boston-based financial services group, State Street Corporation, to provide custody and accounting services for 130 of its funds, worth collectively some $45bn (€44.7bn).

In addition, Boston Financial Data Services, the joint venture company between State Street and DST Systems, will provide transfer agency and shareholder services to the funds as part of the mandate.

Nuveen selected State Street and Boston because of their combined ability to provide services to both mutual funds and exchange traded funds.

Says Steve Foy, vice president of Nuveen: “We chose State Street based on its proven expertise in supporting both closed-end ETFs and traditional mutual funds, as well as its ability to provide quality service to investors and financial advisors.”

State Street currently has $6.3trn in assets under custody and $808bn in assets under management.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

Begin Your Search Here