State Street Extends ETF Servicing Relationship with VanEck
01 Ottobre 2024 - 4:10PM
Business Wire
- New agreement reflects a collaborative effort to meet VanEck’s
expanding product and asset class goals, ensuring comprehensive
support across all key global jurisdictions
State Street Corporation (NYSE: STT) today announced an
extension of its exchange traded fund (ETF) and mutual fund
servicing relationship with VanEck, a leading global asset
management firm. The new, extended agreement includes comprehensive
support for VanEck’s expanding range of ETF funds, and reflects
State Street’s commitment to providing innovative solutions and
enhanced services to meet the dynamic demands of the global ETF
marketplace.
“We’re thrilled to further deepen our longstanding partnership
with VanEck, a respected leader in the ETF space,” said Joerg
Ambrosius, president of Investment Services for State Street. “The
renewal underscores our firm’s commitment to delivering industry
leading ETF servicing solutions, and we look forward to continuing
to demonstrate our flexibility and commitment to assist them in
achieving their product and asset class expansion goals.”
The relationship builds on a foundation that began several years
ago and has evolved into State Street being a full service provider
for VanEck’s global ETF and mutual fund servicing needs, including
digital asset ETFs. In 2021, State Street announced it had been
appointed as Administrator and Transfer Agent of the VanEck Bitcoin
ETF (HODL), and more recently, the firm was appointed as
Administrator, Transfer Agent and Cash Custodian for the VanEck
Ethereum ETF (ETHV).
“This strengthened partnership highlights the shared commitment
to providing superior solutions and maintaining the high standards
clients expect,” said John Crimmins, chief financial officer for
ETFs and mutual funds at VanEck. “Extending our relationship with
State Street is key as we continue to focus on innovating and
growing our ETF offerings.”
For over 30 years, State Street has continuously innovated to
support what has become a $13.5 trillion ETF marketplace. Today,
State Street is the largest ETF administrator in the world with
more than 2,800 ETFs serviced in 13 countries and provides fully
integrated global ETF servicing capabilities1. State Street’s ETF
servicing business allows clients to engage easily and efficiently
with the growing ETF market by leveraging its efficient proprietary
technology and global operating model. State Street’s solutions
enable clients to launch ETFs that align with industry best
practices at every stage, regardless of structure or model.
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 $44.3 trillion in assets
under custody and/or administration and $4.4 trillion* in assets
under management as of June 30, 2024, State Street operates
globally in more than 100 geographic markets and employs
approximately 53,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of June 30, 2024 includes
approximately $69 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
7077051.1.1.GBL.RTL
© 2024 State Street Corporation
________________________________ 1 ETFGI Global ETF Insights as
of August 2024
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Media Contact: Brendan Paul Mobile: +1 401 644 9182
Bpaul2@statestreet.com
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