State Street prices mandates for onshore funds in Japan
The US firm is the first foreign fund-admin provider to calculate net asset values for onshore clients in the country.
State Street Trust & Banking has achieved a coup in the domestic fund-administration market in Japan by becoming the first foreign firm to price mandates for onshore investment managers.
The bank quietly gained its first onshore fund-admin client in February 2009 and since then has secured two more. And it expects to sign two further clients by the end of the year, says Tokyo-based Andrew Erickson, president at State Street Trust & Banking.
The company has only now spoken pu…
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