-

State Street Secures Mandate Win with Galapagos Capital

BOSTON--(BUSINESS WIRE)--State Street (NYSE: STT) today announced that it has been selected to provide fund accounting, fund administration and investor servicing for Galapagos Global Capital Management, the U.S. based hedge fund manager of Brazilian-founded Investment Company Galapagos Capital. State Street will provide this range of services to its hedge funds Galápagos Macro Master LP. and Galápagos Macro Cayman Ltd.

“We are honored to have earned the trust of Galapagos Capital to provide them with comprehensive asset servicing solutions,” said Otavio Scuccuglia, head of sales, Brazil for State Street. “This mandate underscores our commitment to delivering value and tailored services that are designed to meet the evolving needs of our clients.”

State Street will leverage its robust infrastructure and global capabilities to deliver these services, helping Galapagos Capital to optimize investment operations, navigate complex market conditions and drive sustainable growth.

“We are very pleased to partner with State Street as their servicing solutions and broader commitment to client service aligns very well with our firm’s strategic objectives,” said Sergio Zanini, partner at Galapagos Capital.

For more information about State Street’s range of investment solutions, please click here.

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 $43.9 trillion in assets under custody and/or administration and $4.3 trillion* in assets under management as of March 31, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 46,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

* Assets under management as of March 31, 2024 includes approximately $66 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.

© 2024 State Street Corporation
6776940.1.1.GBL.RTL

Contacts

Media Contact:
Brendan Paul
Mobile: +1 401 644 9182
Bpaul2@statestreet.com

Industry:

State Street Corporation

NYSE:STT
Release Versions
English

Contacts

Media Contact:
Brendan Paul
Mobile: +1 401 644 9182
Bpaul2@statestreet.com

More News From State Street Corporation

State Street Corporation Announces Planned 11% Dividend Increase and Preliminary Stress Capital Buffer Requirement

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced its intention to increase its per share common stock dividend by 11% to $0.84 in the third quarter of 2025, subject to consideration and approval by its Board of Directors. State Street continues to be authorized to repurchase common shares under its existing share repurchase program previously approved by its Board of Directors. The Company also announced today that it had completed the Federal Reserve’s 2025 Supervis...

State Street and UC Investments Forge Strategic Alliance to Expand Access to Wealth Building Tools for Individuals

BOSTON & OAKLAND, Calif.--(BUSINESS WIRE)--UC Investments, the investment arm of the University of California, and State Street Corporation (NYSE: STT), a global leader in asset management and investment servicing, today announced a strategic initiative to give individuals access to institutional-grade investment tools and opportunities. The initiative will combine the latest investment technologies and artificial intelligence to give individuals direct access to a broader spectrum of investmen...

State Street Global Advisors Rebrands as State Street Investment Management

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced its new brand name: State Street Investment Management. The rebranding highlights the firm’s focus on growth and engagement with clients and partners, and its commitment to product innovation, in service of creating better outcomes for the world’s investors and the people they serve. “Today marks a new chapter in our story – one that reflects our values,...
Back to Newsroom