Investment and funds management service provider Victorian Funds Management Corporation (VFMC) has appointed State Street Corporation as its custodian and administrator.
State Street will look after VFMC's $50 billion in assets by providing an integrated platform for custody, administration, performance and analytics, and middle office services.
VFMC's chief executive, Warren Lee, said State Street's scale and technology expertise stood out during its tender process.
While State Street's head of asset manager sector sales, Paul Khoury, "the investment and regulatory environment is increasingly complex and operating models are continuing to shift."
"Our ability to help clients navigate these changes and present, report, and extract data in market-leading ways makes us a compelling strategic partner."
Blue Owl Capital, a US asset manager with its eye on ‘marquee investors’ like super funds, has announced the appointment of a senior Future Fund executive as its newest managing director.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
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