GLOBAL - State Street Corporation has signed a lease for a new operations centre in Krakow, Poland.
Tim Caverly, executive vice president of State Street's investor services business in continental Europe, said: "Poland is a key component to support our continued growth in Europe. Krakow provides access to a highly educated workforce and deep labor pool of talent"
State Street currently has more than 150 employees in Poland who provide support for the company's fund accounting business in continental Europe.
In other news, Partners Group has further expanded its Asian presence with the opening of a Beijing office.
Linda Cai has been appointed to lead the office and develop Partners Group's presence in the region.
Philipp Gysler, head Asia, commented: "Having been active investors in China since 2005, we have seen rapid growth in market size and depth, with investment opportunities offering superior returns.
"This local presence represents a natural next step, thereby securing our leading position and ensuring market proximity, which is crucial in China," Gysler concluded.
The Environment Agency Pension Fund (EAPF) has joined a coalition of 88 investors to demand companies disclose more information on environmental impact.
The cross industry guaranteed minimum pension (GMP) equalisation working group has formed five sub-committees to each work on a key component of the guidance.
KAS Bank has launched an end-to-end cost transparency solution for defined contribution (DC) schemes to assist in the delivery of chair's statements.