MLIM Outsources to State Street for US, Canadian Fund Accounting, Pricing
FEATURES
PRINCETON, N.J.--Reflecting a growing trend among larger buy-side institutions, Merrill Lynch Investment Managers (MLIM) has outsourced its US- and Canada-based fund accounting and daily pricing services to State Street.
Chief technology officer Sean Kelley says there were two reasons for the move. First, he says, "Fund accounting, while important to the business, is better aligned with a partner who has this activity as its core focus." Second were the economic attractions.
Merrill Lynch
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Operations
Waters Wavelength
Wavelength Podcast Ep. 213: Data Management in a Post-Covid World
Senior execs from Citizens Bank, Commerzbank, and Deutsche Bank discuss lessons learned during the pandemic.
Subscribe to Weekly Wrap emails
Most read
- The Inside Market Data & Inside Reference Data Awards 2020: All the Winners and Why They Won
- IMD & IRD Awards 2020: Best Data Analytics and Technology Provider—dxFeed
- Is Low-Code a Movement or a Mirage (Plus the ODRL Gambit & AI’s Afterthought Problem)
- Causal Machine Learning Represents Next Evolution of AI (Plus ESG & Innovation Issues)
- How Cloud, APIs, and Open Source Are Changing the World of Fintech (And Blockchain's ZTA Play)