State Street Appointed to Provide Investment Services to AZ Quest, Further Expanding Presence in Latin America
20 Marzo 2024 - 6:00AM
Business Wire
State Street Corporation (NYSE: STT) today announced that it has
been selected to provide fund accounting, fund administration and
investor servicing for AZ Quest, an asset manager based in Sao
Paulo, Brazil. State Street will provide this range of services to
the AZ Quest Fund SPC and its segregated portfolios.
“We are pleased to announce this relationship with AZ Quest, as
we continue to expand our capabilities across the region,
furthering our goal of supporting leading institutional clients
throughout Latin America,” said Marcia Rothschild, State Street
head of Latin America. "We look forward to working with AZ Quest to
help generate and sustain growth to meet their investment
objectives.”
Today’s announcement strengthens State Street’s continued growth
in Latin America. In 2023, State Street announced the opening of a
new office in Colombia, following the 2022 office opening in Chile
to help the firm serve and support institutional clients in the
region. Additionally, in 2021, the firm announced that its
Brazilian bank, Banco Comercial (formerly known as Natixis Brasil
S.A. - Banco Múltiplom), began offering full foreign exchange (FX)
trading capabilities and sales operations.
"We are excited to tap into State Street’s expansive set of
capabilities to help scale our existing offerings and continue to
deliver excellence and innovation for our clients," noted Hebert
Almeida, partner and head of Operations of AZ Quest.
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 $41.8 trillion in assets
under custody and/or administration and $4.1 trillion* in assets
under management as of December 31, 2023, State Street operates
globally in more than 100 geographic markets and employs
approximately 46,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of December 31, 2023 includes
approximately $64 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.
© 2024 State Street Corporation
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Media Contact: Brendan Paul +1 (401) 644-9182
Bpaul2@statestreet.com
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