US - State Street Corporation has announced it has acquired an interest in Northeast Retirement Services (NRS), a US-based provider of administration, recordkeeping and processing solutions for plan sponsors, financial institutions, nonprofit organisations and charities.
“Our strategic partnership will allow us to ensure that nonprofit and for-profit executives as well as trust administrators, investment firms and accountants benefit from a custom-built system with mission-specific reporting,” said Robert Tarter, executive vice president of State Street.
Thomas Forese, president of NRS, added: “We share a common vision of delivering value and excellence to our customers and this development will help us to advance this shared vision even further.”
State Street and NRS have worked together for almost a decade. NRS’ technology is currently used by more than 50 State Street customers.
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