State Street to Service $93.6 Billion in Assets for Hartford Funds
February 26 2015 - 10:00AM
Business Wire
State Street Corporation (NYSE: STT), announced today that it
has been appointed by Hartford Funds to assist in providing custody
and accounting services for $93.6 billion in assets under
management, which includes $20.6 billion in mutual funds supporting
variable annuity and investment products. Hartford Funds is a
leading provider of mutual funds.
“After an extensive review of potential providers, State Street
emerged as a choice partner for our business,” said Greg Frost,
Chief Financial Officer of Hartford Funds. “State Street’s depth
and expertise will enable our business to better serve our fund
shareholders going forward.”
“We are very pleased to be selected by Hartford Funds,” said
Peter Thurmond, senior vice president, sector solutions, State
Street. “Industry wide, there is an appetite for change and focus
on building strong technology foundations that can better serve
portfolios. As operating models continue to shift across the
industry, State Street’s integrated platform for custody and
administration and continued investment in technology can help
clients improve investment returns, manage risk, and seize new
opportunities.”
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading provider of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $28.19 trillion in assets
under custody and administration and $2.45 trillion* in assets
under management as of December 31, 2014, State Street operates in
more than 100 geographic markets worldwide, including the US,
Canada, Europe, the Middle East and Asia. For more information,
visit State Street’s web site at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF (approximately $27.3 billion as of December 31, 2014), for
which State Street Global Markets, LLC, an affiliate of SSgA,
serves as the distribution agent.
About Hartford Funds
Founded in 1996, Hartford Funds is a leading provider of mutual
funds. The Company offers a broad range of actively managed
strategies designed to provide solutions for a variety of
investment needs. Hartford Funds has mutual fund assets under
management of $73.0 billion as of December 31, 2014 (excluding
assets used in certain annuity products). For more information
about the fund family, visit www.hartfordfunds.com.
CORP-1303
State Street CorporationAnne McNally, +1
617-664-8576aemcnally@statestreet.com@StateStreet
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