State Street re-appointed at Pimco

14.10_HandshakeState Street, the custody bank and asset servicing firm, has kept its mandate to provide investment manager operations for Pimco's $1.3 trillion (€942 billion) of assets.

State Street has provided a variety of investment services for Pimco over the last decade, which initially included custody, accounting and valuation services.

In 2000, State Street assumed Pimco’s investment operations in Newport Beach, California, including trade processing, custody, accounting, collateral management, pricing, derivatives processing and IT development.

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