Bladex picks State Street for custody services 15 May 2023Panama Reporter: Lucy Carter
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Multinational bank Bladex has selected State Street as custody services provider.
Based in Panama, Bladex was established by the central banks of 23 Latin American and Caribbean countries. The bank was created with the intention of improving foreign trade and economic integration in the region.
State Street’s global custody services include safekeeping and settlements, corporate actions, proxy service network management, cash management and real-time reporting.
This appointment continues State Street’s development in the Latin America region, following the 2022 opening of its Chile office and the launch of integrated fund trading and custody services in Mexico.
Commenting on the partnership, Marcia Rothschild, head of Latin America at State Street, says: “We are pleased to announce this mandate with Bladex as we continue to expand our custody capabilities across the region, furthering our goal of supporting leading institutional clients in Latin America. We look forward to helping Bladex generate and sustain growth to meet their investment objectives.”
Eduardo Vivone, executive vice president for treasury and capital markets at Bladex, adds: “We are confident that establishing this relationship with State Street will provide us with a robust and efficient platform to expand our scale and meet our future growth objectives.”
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