State Street and Neuberger Berman Extend Mutual Fund Servicing Agreement
November 30 2020 - 10:30AM
Business Wire
State Street Corporation (NYSE:STT) today announced an extension
of its service agreement with Neuberger Berman to renew accounting
services for Neuberger’s $40B mutual funds business.
“We are very proud to build on our nearly four decade
relationship with Neuberger Berman,” said John Lehner, head of
State Street’s asset manager segment. “We have forged a strong,
collaborative partnership with the firm through the years, and this
extension to support their mutual fund business is a testament to
our goal of being a long-term partner for our clients.”
Neuberger Berman Group LLC is a private, independent,
employee-owned investment management firm. The firm manages
equities, fixed income, private equity and hedge fund portfolios
for global institutional investors, advisors and high-net-worth
individuals.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $36.6 trillion in assets
under custody and/or administration and $3.1 trillion* in assets
under management as of September 30, 2020, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of September 30, 2020 includes
approximately $81 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
© 2020 State Street Corporation - All Rights Reserved
3346070.1.1.GBL.RTL
Expiration Date: November 30, 2021
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Brendan Paul Bpaul2@statestreet.com +1 401 644 9182
State Street (NYSE:STT)
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