State Street in Taiwan outsourcing drive

State Street Global Services is preparing to expand its back-office outsourcing services to Taiwan, where traditionally it has been a challenge for global custodians to gain market share. The only international firm to have won an outsourcing mandate from more than one asset manager there is understood to be HSBC, which handles fund accounting and transfer agency functions for several foreign asset managers, including BlackRock and Invesco. Deutsche Bank, for example, has been o…