Credit Suisse Asset Management (Australia) has appointed State Street Corporation to provide investment operations outsourcing services.

The arrangement, which was announced as being a partnership, will see State Street providing Credit Suisse Asset Management with trade management, performance and analytics services, post-trade compliance, accounting and tax services, and regulatory reporting.

The arrangement also includes the provision of custody services.

Commenting on the mandate, Credit Suisse Asset Management chief operating officer Gailie Oliver said it would allow her company to focus on its core competencies while leveraging off State Street’s global reach.