State Street has secured a renewal for its UK securities lending contract with Ace European Group.
Globally, State Street now provides Ace with a range of investment services for more than $32bn in assets.
David Blair, Ace European Group's treasurer, commented: “Through our existing securities lending relationships with State Street in the US and Bermuda, we are extremely confident that State Street can also meet our securities lending needs in Europe. State Street's team of experts continually provides us with counsel and support, and they are ideally suited for this additional brief.”
Chris Holzwarth, vice president of sales for State Street's securities finance activities in Europe, said: “We are delighted to build upon our relationship with Ace. This expanded relationship is a testament to our ability to partner with our clients and grow together with them as they expand their businesses worldwide.”
