State Street Appointed to Provide Investment Services to AZ Quest, Further Expanding Presence in Latin America

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03/20/2024 - 08:00 AM

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) today announced that it has been selected to provide fund accounting, fund administration and investor servicing for AZ Quest, an asset manager based in Sao Paulo, Brazil. State Street will provide this range of services to the AZ Quest Fund SPC and its segregated portfolios.

“We are pleased to announce this relationship with AZ Quest, as we continue to expand our capabilities across the region, furthering our goal of supporting leading institutional clients throughout Latin America,” said Marcia Rothschild, State Street head of Latin America. "We look forward to working with AZ Quest to help generate and sustain growth to meet their investment objectives.”

Today’s announcement strengthens State Street’s continued growth in Latin America. In 2023, State Street announced the opening of a new office in Colombia, following the 2022 office opening in Chile to help the firm serve and support institutional clients in the region. Additionally, in 2021, the firm announced that its Brazilian bank, Banco Comercial (formerly known as Natixis Brasil S.A. - Banco Múltiplom), began offering full foreign exchange (FX) trading capabilities and sales operations.

"We are excited to tap into State Street’s expansive set of capabilities to help scale our existing offerings and continue to deliver excellence and innovation for our clients," noted Hebert Almeida, partner and head of Operations of AZ Quest.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $41.8 trillion in assets under custody and/or administration and $4.1 trillion* in assets under management as of December 31, 2023, State Street operates globally in more than 100 geographic markets and employs approximately 46,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of December 31, 2023 includes approximately $64 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

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