F&C Asset Management has appointed State Street to provide investment manager operations outsourcing for £106 billion in assets. State Street will provide F&C and its subsidiary Thames River Capital services for their global operations, including investment operations, custody and transfer agency.
As a part of the mandate, 102 employees of F&C in London and Edinburgh will move to State Street. International Financial Data Services, a joint venture between the firm and DST systems, will manage the transfer agency aspects of the agreement, adds waterstechnology.
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