BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT) today announced an extension of its exchange traded fund (ETF) and mutual fund servicing relationship with VanEck, a leading global asset management firm. The new, extended agreement includes comprehensive support for VanEck’s expanding range of ETF funds, and reflects State Street’s commitment to providing innovative solutions and enhanced services to meet the dynamic demands of the global ETF marketplace.
“We’re thrilled to further deepen our longstanding partnership with VanEck, a respected leader in the ETF space,” said Joerg Ambrosius, president of Investment Services for State Street. “The renewal underscores our firm’s commitment to delivering industry leading ETF servicing solutions, and we look forward to continuing to demonstrate our flexibility and commitment to assist them in achieving their product and asset class expansion goals.”
The relationship builds on a foundation that began several years ago and has evolved into State Street being a full service provider for VanEck’s global ETF and mutual fund servicing needs, including digital asset ETFs. In 2021, it had been appointed as Administrator and Transfer Agent of the VanEck Bitcoin ETF (HODL), and more recently, the firm was appointed as Administrator, Transfer Agent and Cash Custodian for the VanEck Ethereum ETF (ETHV).
“This strengthened partnership highlights the shared commitment to providing superior solutions and maintaining the high standards clients expect,” said John Crimmins, chief financial officer for ETFs and mutual funds at VanEck. “Extending our relationship with State Street is key as we continue to focus on innovating and growing our ETF offerings.”
For over 30 years, State Street has continuously innovated to support what has become a $13.5 trillion ETF marketplace. Today, State Street is the largest ETF administrator in the world with more than 2,800 ETFs serviced in 13 countries and provides fully integrated global ETF servicing capabilities1. State Street’s ETF servicing business allows clients to engage easily and efficiently with the growing ETF market by leveraging its efficient proprietary technology and global operating model. State Street’s solutions enable clients to launch ETFs that align with industry best practices at every stage, regardless of structure or model.
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 $44.3 trillion in assets under custody and/or administration and $4.4 trillion* in assets under management as of June 30, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at .
*Assets under management as of June 30, 2024 includes approximately $69 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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© 2024 State Street Corporation
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1 ETFGI Global ETF Insights as of August 2024
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