State Street Announces Partnership with Harris | Oakmark for State Street Alpha®
State Street (NYSE: STT) announced that Harris | Oakmark has successfully implemented State Street Alpha®, their front-to-back asset servicing platform, ahead of schedule. The partnership, established in late 2023, focuses on providing middle office services to over 2,000 private wealth and retail SMA accounts.
Harris | Oakmark, managing approximately $104 billion in assets as of September 30, 2024, completed the first phase of migration focusing on transaction lifecycle management services in just ten months. The second and final phase is expected to complete in Q1 2026.
State Street Alpha provides a centralized operating model and technology platform for managing public and private assets, supported by its cloud-native Alpha Data Platform.
State Street (NYSE: STT) ha annunciato che Harris | Oakmark ha implementato con successo State Street Alpha®, la loro piattaforma di servizi patrimoniali front-to-back, prima del previsto. La partnership, avviata alla fine del 2023, è focalizzata sulla fornitura di servizi di middle office a oltre 2.000 conti di private wealth e retail SMA.
Harris | Oakmark, che gestisce circa 104 miliardi di dollari in attivi al 30 settembre 2024, ha completato la prima fase di migrazione, concentrandosi sui servizi di gestione del ciclo di vita delle transazioni, in soli dieci mesi. La seconda e ultima fase è prevista per il Q1 2026.
State Street Alpha offre un modello operativo centralizzato e una piattaforma tecnologica per la gestione di attivi pubblici e privati, supportata dalla sua piattaforma dati Alpha nativa nel cloud.
State Street (NYSE: STT) anunció que Harris | Oakmark ha implementado con éxito State Street Alpha®, su plataforma de servicios de activos de extremo a extremo, antes de lo previsto. La asociación, establecida a finales de 2023, se centra en proporcionar servicios de oficina intermedia a más de 2.000 cuentas de riqueza privada y SMA retail.
Harris | Oakmark, que gestiona aproximadamente $104 mil millones en activos a 30 de septiembre de 2024, completó la primera fase de migración, centrada en los servicios de gestión del ciclo de vida de las transacciones, en solo diez meses. Se espera que la segunda y última fase se complete en Q1 2026.
State Street Alpha proporciona un modelo operativo centralizado y una plataforma tecnológica para gestionar activos públicos y privados, respaldada por su Plataforma de Datos Alpha nativa en la nube.
스테이트 스트리트 (NYSE: STT)가 해리스 | 오크마크가 예정보다 앞서 프론트 투 백 자산 서비스 플랫폼인 State Street Alpha®를 성공적으로 구현했다고 발표했습니다. 2023년 말에 설립된 이 파트너십은 2,000개 이상의 프라이빗 웰스 및 리테일 SMA 계좌에 중간 사무소 서비스를 제공하는 데 집중하고 있습니다.
2024년 9월 30일 기준으로 약 $1,040억의 자산을 관리하고 있는 Harris | Oakmark는 거래 생애 주기 관리 서비스에 중점을 두고 이주 첫 번째 단계가 단 10개월 만에 완료되었습니다. 두 번째이자 마지막 단계는 2026년 1분기에 완료될 것으로 예상됩니다.
State Street Alpha는 공공 및 민간 자산을 관리하기 위한 중앙 집중식 운영 모델과 기술 플랫폼을 제공하며, 클라우드 네이티브 Alpha 데이터 플랫폼에 의해 지원됩니다.
State Street (NYSE: STT) a annoncé que Harris | Oakmark a réussi à mettre en œuvre State Street Alpha®, leur plateforme de services d'actifs de front à back, avant la date prévue. Le partenariat, établi fin 2023, se concentre sur la fourniture de services de middle office à plus de 2 000 comptes de gestion de fortune privée et de SMA de détail.
Harris | Oakmark, gérant environ 104 milliards de dollars d'actifs au 30 septembre 2024, a terminé la première phase de migration, axée sur les services de gestion du cycle de vie des transactions, en seulement dix mois. La deuxième et dernière phase devrait être terminée au Q1 2026.
State Street Alpha propose un modèle opérationnel centralisé et une plateforme technologique pour la gestion des actifs publics et privés, soutenue par sa plateforme de données Alpha native dans le cloud.
State Street (NYSE: STT) gab bekannt, dass Harris | Oakmark State Street Alpha®, ihre Front-to-Back-Asset-Service-Plattform, erfolgreich vor dem Zeitplan implementiert hat. Die Ende 2023 gegründete Partnerschaft konzentriert sich darauf, Middle-Office-Dienstleistungen für über 2.000 Private Wealth- und Retail-SMA-Konten bereitzustellen.
Harris | Oakmark, der zum 30. September 2024 etwa 104 Milliarden US-Dollar an Vermögenswerten verwaltet, hat die erste Migrationsphase, die sich auf das Transaktionslebenszyklusmanagement konzentriert, in nur zehn Monaten abgeschlossen. Die zweite und letzte Phase soll im Q1 2026 abgeschlossen werden.
State Street Alpha bietet ein zentrales Betriebsmodell und eine Technologieplattform zur Verwaltung öffentlicher und privater Vermögenswerte, unterstützt durch die cloudbasierte Alpha-Datenplattform.
- Early completion of first phase implementation ahead of schedule
- Secured significant client with $104 billion AUM
- Expansion of services to over 2,000 private wealth and retail SMA accounts
- None.
Insights
- Ahead of schedule, Harris | Oakmark now live with State Street Alpha’s transaction lifecycle management services after awarding State Street a middle office mandate at the end of 2023
“Harris | Oakmark marks another significant milestone for our Alpha business broadly,” says John Plansky, head of State Street Alpha. “Providing middle office services to more than 2,000 of their private wealth and retail SMA accounts allows us to deepen our relationship with Harris | Oakmark and further showcase our data capabilities for wealth managers.”
The first phase of the migration focused on transaction lifecycle management services and was successfully completed ahead of schedule, ten months after awarding the mandate. The second and final phase of the migration is targeted for completion in Q1 2026.
“We are excited to partner with State Street on their Alpha platform,” said Young Lee, chief operating officer from Harris | Oakmark. “We have been very pleased with the progress made during the first phase of the migration as the platform will allow us to operate in a highly efficient operating environment and continue to provide exceptional services to our clients.”
State Street Alpha provides its clients a centralized operating model and technology platform to manage all their public and private assets investment products underpinned by its cloud native, enterprise Alpha Data Platform. With State Street Alpha, clients can focus on executing their growth strategy without the drag and limitations of a segregated operating 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
* Assets under management as of September 30, 2024 includes approximately
© 2024 State Street Corporation
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Media Contact:
Brendan Paul
Mobile: +1 401 644 9182
Bpaul2@statestreet.com
Source: State Street Corporation
FAQ
When did Harris | Oakmark go live with State Street Alpha platform (NYSE: STT)?
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