Major mandate
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.
AUTHOR
Mike Taylor
Recommended for you
Insignia Financial has announced the status of the two private equity bidders as due diligence comes to an end, with one bidder opting to pull out.
The corporate regulator has cancelled the AFSL of a Queensland-based financial services provider, having held the licence since mid-2016.
The financial advice industry has reacted to the appointment of Dr Daniel Mulino as the new Minister for Financial Services, with hopes for improvements in legislation and education standards.
With less than one-third of Australian business owners seeing an adviser, Business Health has detailed how advice practices can successfully target this underserved client segment.
