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PIMCO extends investment manager operations outsourcing mandate with State Street

BBR Staff Writer Published 04 November 2011

Pacific Investment Management Co. (PIMCO) has retained State Street to provide an array of investment manager operations outsourcing services for $1.3 trillion in assets.

Since 2000, State Street has been providing services for PIMCO's investment operations which include global custody, accounting, collateral management, derivatives processing and IT development.

Massachusetts-based State Street has more than 700 employees worldwide servicing PIMCO's investment operations.

State Street investment manager services business executive vice president and global head Jeff Conway said when they assumed PIMCO's investment operations capabilities in 2000, it became the cornerstone of their investment manager operations servicing business. This renewal is a strong endorsement of their continued investment in technology solutions for global asset managers.