State Street Onboards River Global to its Transfer Agency Service Supported by ZILO™
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
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mchau@statestreet.com
Source: State Street Corporation