DekaBank Deutsche Girozentrale’s asset management business, Deka Investment, is to continue its partnership with State Street. The agreement extends the partnership, established in 2016, for a further decade.
State Street provides back-office investment services to Deka Investment’s more than €280 billion in assets across Germany and Luxembourg. These services include fund accounting, data management, reporting and tax support.
Denis Dollaku, a member of State Street’s executive management board, says: “We are delighted to have extended our partnership with Deka Investment, building on the great progress we have made together in developing an operating model that is aimed at delivering state-of-the-art services.
“This extension will allow us to continue to build on our position as a leading service provider for fund administration and reflects State Street’s strong commitment to Germany and Luxembourg as two of our key markets in Europe.”
