State Street Onboards River Global to its Transfer Agency Service Supported by ZILO™
State Street (NYSE: STT) has successfully onboarded River Global to its newly launched transfer agency service in the UK, supported by ZILO™, a FinTech company specializing in global asset and wealth management software.
State Street participated in ZILO's Series A funding round in January 2024, focusing on modernizing digital solutions for improved cost effectiveness and operational efficiency in investment management. The partnership leverages ZILO's cloud-based and AI-enabled technology to reduce friction in the distribution process and enhance digital-first user experience.
For River Global, this consolidation of service provision has resulted in simplified proposition and cost savings for their clients. State Street currently maintains a leading position in key cross-border distribution hubs, offering institutional transfer agency services across 14 markets.
State Street (NYSE: STT) ha integrato con successo River Global nel suo nuovo servizio di agenzia di trasferimento nel Regno Unito, supportato da ZILO™, una società FinTech specializzata in software per la gestione globale di asset e patrimoni.
State Street ha partecipato al round di finanziamento di Serie A di ZILO a gennaio 2024, concentrandosi sulla modernizzazione delle soluzioni digitali per migliorare l'efficacia dei costi e l'efficienza operativa nella gestione degli investimenti. La partnership sfrutta la tecnologia basata su cloud e abilitata dall'IA di ZILO per ridurre le difficoltà nel processo di distribuzione e migliorare l'esperienza utente digitale.
Per River Global, questa consolidazione dei servizi ha comportato una proposta semplificata e un risparmio sui costi per i loro clienti. Attualmente, State Street mantiene una posizione di leadership nei principali hub di distribuzione transfrontaliera, offrendo servizi di agenzia di trasferimento istituzionale in 14 mercati.
State Street (NYSE: STT) ha incorporado con éxito a River Global en su nuevo servicio de agencia de transferencia en el Reino Unido, respaldado por ZILO™, una empresa de FinTech especializada en software para la gestión global de activos y patrimonio.
State Street participó en la ronda de financiamiento de Serie A de ZILO en enero de 2024, centrándose en modernizar soluciones digitales para mejorar la efectividad de costos y la eficiencia operativa en la gestión de inversiones. La asociación aprovecha la tecnología basada en la nube y habilitada por IA de ZILO para reducir la fricción en el proceso de distribución y mejorar la experiencia del usuario digital.
Para River Global, esta consolidación de servicios ha resultado en una propuesta simplificada y ahorros de costos para sus clientes. Actualmente, State Street mantiene una posición de liderazgo en los principales centros de distribución transfronteriza, ofreciendo servicios de agencia de transferencia institucional en 14 mercados.
State Street (NYSE: STT)는 영국에서 새롭게 출시된 이전 에이전시 서비스에 River Global을 성공적으로 온보딩했습니다. 이 서비스는 글로벌 자산 및 자산 관리 소프트웨어를 전문으로 하는 핀테크 회사인 ZILO™의 지원을 받고 있습니다.
State Street는 2024년 1월 ZILO의 시리즈 A 자금 조달 라운드에 참여하여 투자 관리에서 비용 효율성과 운영 효율성을 개선하기 위한 디지털 솔루션 현대화에 집중했습니다. 이 파트너십은 ZILO의 클라우드 기반 및 AI 지원 기술을 활용하여 배포 과정의 마찰을 줄이고 디지털 우선 사용자 경험을 향상시킵니다.
River Global에게 이 서비스 통합은 고객을 위한 제안 단순화와 비용 절감을 가져왔습니다. 현재 State Street는 14개 시장에서 기관 이전 에이전시 서비스를 제공하며 주요 국경 간 배포 허브에서 선도적인 위치를 유지하고 있습니다.
State Street (NYSE: STT) a intégré avec succès River Global à son nouveau service d'agence de transfert au Royaume-Uni, soutenu par ZILO™, une entreprise FinTech spécialisée dans les logiciels de gestion d'actifs et de patrimoine à l'échelle mondiale.
State Street a participé au tour de financement de Série A de ZILO en janvier 2024, en se concentrant sur la modernisation des solutions numériques pour améliorer l'efficacité des coûts et l'efficacité opérationnelle dans la gestion des investissements. Le partenariat exploite la technologie cloud et alimentée par l'IA de ZILO pour réduire les frictions dans le processus de distribution et améliorer l'expérience utilisateur numérique.
Pour River Global, cette consolidation des services a entraîné une proposition simplifiée et des économies de coûts pour ses clients. Actuellement, State Street maintient une position de leader dans les principaux hubs de distribution transfrontaliers, offrant des services d'agence de transfert institutionnelle dans 14 marchés.
State Street (NYSE: STT) hat River Global erfolgreich in seinen neu gestarteten Transferagentur-Service im Vereinigten Königreich integriert, unterstützt von ZILO™, einem FinTech-Unternehmen, das sich auf Software für das globale Vermögens- und Asset-Management spezialisiert hat.
State Street nahm im Januar 2024 an der Serie-A-Finanzierungsrunde von ZILO teil, mit dem Fokus auf die Modernisierung digitaler Lösungen zur Verbesserung der Kosten-Effizienz und der betrieblichen Effizienz im Investment-Management. Die Partnerschaft nutzt die cloud-basierte und KI-gestützte Technologie von ZILO, um Reibungen im Vertriebsprozess zu reduzieren und das digitale Nutzererlebnis zu verbessern.
Für River Global hat diese Konsolidierung der Dienstleistungsbereitstellung zu einem vereinfachten Angebot und Kosteneinsparungen für ihre Kunden geführt. State Street hat derzeit eine führende Position in wichtigen grenzüberschreitenden Vertriebszentren und bietet institutionelle Transferagentur-Dienste in 14 Märkten an.
- Strategic expansion into UK transfer agency market
- Investment in ZILO's Series A round demonstrates commitment to digital innovation
- New partnership brings cost savings and operational efficiencies
- Strong market presence with transfer agency services in 14 markets
- None.
Insights
State Street's re-entry into the UK transfer agency market with River Global marks a strategic expansion of their service offerings in a key financial hub. By partnering with ZILO, State Street is leveraging modern fintech capabilities to address operational efficiency challenges in investment management.
The partnership demonstrates State Street's commitment to digital transformation in asset servicing, particularly notable given their earlier investment in ZILO's Series A funding. For River Global, the partnership delivers cost savings and service improvements through consolidation of shareholder services.
This development aligns with broader industry trends toward digital-first solutions in transfer agency services, which traditionally involve significant manual processes and legacy systems. State Street's approach combines their established back-office expertise with ZILO's cloud-based, AI-enabled technology to reduce friction in distribution processes.
While the financial impact wasn't quantified, this client acquisition strengthens State Street's competitive positioning across their 14 transfer agency markets globally. The move enhances their cross-border distribution capabilities, potentially attracting additional asset managers seeking modernized transfer agency services in the UK market.
State Street participated in ZILO’s Series A fundraising round in January 2024, a decision driven by State Street’s focus on addressing the need for modern digital solutions to improve cost effectiveness and operational efficiency within the investment management industry.
Donna Milrod, global head of product, State Street, said: “We are pleased to welcome River Global as our first client of our re-entry to the
Alex Hoctor-Duncan, Chief Executive, River Global, said: ”We are delighted to have partnered with State Street, supported by ZILO, to consolidate service provision for shareholders in our funds. In doing so, we have simplified our proposition, delivered cost savings to our clients and improved our overall service offering. The teams from State Street and ZILO have been a pleasure to work with, proving both professional and supportive, and the technology that ZILO brings to bear is first class.”
Andy Wilson, Deputy CEO and Chief Commercial Officer, at ZILO, added: “We are thrilled that State Street, a global leader in investment servicing, has partnered with ZILO to re-enter the
State Street holds a leading position in the key cross-border distribution hubs, and offers institutional transfer agency service in 14 markets.
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 December 31, 2024 includes approximately
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Media Contact:
Michel Chau
+44 (0) 7500 682982
mchau@statestreet.com
Source: State Street Corporation
FAQ
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