|
State Street Now the Largest Investment Service Provider in Italy.
Expands Presence in Luxembourg.
Gains Long-Term Investment Servicing Agreement with Eurizon Capital, the Largest Fund Manager in Italy.
State Street Corporation, one of the world’s leading providers of financial services to institutional investors, announced on 18 May 2010 that it has completed its acquisition of Intesa Sanpaolo’s Securities Services business (ISPSS) for EUR1.28 billion in cash, financed through available capital. State Street has acquired Intesa Sanpaolo’s custody, fund administration, Depository bank and correspondent bank (banca corrispondente) businesses with approximately EUR369 billion assets under custody as of March 31, 2010. State Street has also acquired...
|