The agreement renews the two firms’ six-year partnership that started in 2017, whereby State Street provided UOBAM's Singapore business with solutions, including global custody, fund accounting, transfer agency and trustee services
As part of the mandate, State Street will provide abrdn with custody, fund accounting, order-taking and transfer agency services as well as ETF servicing
State Street has expanded the capabilities of its asset servicing platform Alpha, to serve ETF issuers and support the complete exchange traded funds lifecycle
State Street’s global custody services include safekeeping and settlements, corporate actions, proxy service network management, cash management and real-time reporting