State Street

Tricia Nguyen, a principal of Mercer, has been promoted to head of Mercer Sentinel following the move by Peter Baker to a part-time role with the business. The changeover had been planned for some time. Nguyen, who became a principal of the group on joining Mercer Sentinel in 2015, said that her move was part…

The major asset servicing firms are widening their field of vision and have, for the most part, become front-to-back-office providers, as middle-office outsourcing becomes ubiquitous for big investors and managers. It is a development which has taken place concurrently with tightening revenue streams among asset managers, which are often under the same ownership umbrella as…

Bryan Gray, a genuine stalwart of, and major contributor to, the strong position of Australia and New Zealand’s asset servicing sector, has retired. He spent 12 years at State Street followed by nearly 20 years at J.P. Morgan. Gray is the only person to have been chair of the Australian Custodial Services Association twice, in…

US-based niche thematic fund firm Ark Investment Management has jumped ahead of global giants BlackRock and State Street in exchange-traded fund (ETF) flows in January, according to a Sovereign Wealth Fund Institute (SWFI) report. The SWFI report says Ark, which runs seven ETFs based on ‘disruptive technology’ themes, took in US$1 billion on a single…

Global asset manager State Street Corporation released a survey of institutional and sovereign wealth investment professionals last week. The report offered insights into a survey of 640 executives spanning defined benefit funds (33%), corporate pension plans (25%) insurance (32%) and sovereign wealth funds. The report was commissioned through data collection group CoreData and provided some…