LUXEMBOURG - Aviva Fund Services's Luxembourg fund range has gone live with State Street's transfer agency solution as part of a European expansion plan.
This is one of the first deals whereby transfer agency processing will be shared between Aviva and State Street.
William Gilson, managing director, Aviva Fund Services, said: “We were looking for a new transfer agency system to support our existing Aviva funds range and as we look to expand in Europe, we needed a robust, functionally strong system. State Street’s automated technology and highly flexible service models allowed us to retain processes where we believe we can add value, whilst allowing us to outsource others.”
Aviva Fund Services provides fund administration and transfer agency services to Luxembourg domiciled investment funds authorised in 16 countries and with assets of e1.9bn.
The move was advised by management consultants, CSTIM.
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