Columbia Threadneedle Investments Selects State Street as Global Back Office Provider

Expanded relationship will support growth, drive efficiencies and build on existing operational expertise

BOSTON--(BUSINESS WIRE)--Columbia Threadneedle Investments today announced that it has selected State Street Corporation as the service provider for a unified and outsourced global back office. State Street will provide fund accounting, administration and custody services for Columbia Threadneedle’s pooled funds, including ETFs, in the U.S. and Europe, drawing on State Street’s significant capabilities and broad industry experience.

In North America, Columbia Threadneedle will transition and consolidate fund accounting, administration and custody services for its U.S. pooled funds and other fund ranges with State Street. More than 100 Columbia Threadneedle employees who provide fund accounting and administration services are expected to transfer to comparable roles at State Street, providing continuity of service and expertise to fund shareholders while leveraging State Street’s investment servicing capabilities.

In Europe, Columbia Threadneedle will further consolidate fund accounting, administration, depositary and custody services for its UK and Luxembourg-based pooled funds with State Street¹, building on an existing and long-standing relationship between the firms.

David Logan, Head of EMEA and Global Business Operations at Columbia Threadneedle, said:

“Enhancing our operating platform is a strategic priority for Columbia Threadneedle and core to our growth strategy. Expanding our long-standing relationship with State Street will drive important efficiencies as we continue to enhance our operating model to meet the evolving needs of investors globally.”

“We have enjoyed a successful decades-long relationship with Columbia Threadneedle and look forward to helping them continue their commitment to operational excellence and expanding our services to support the next phase of their growth,” said Joerg Ambrosius, president of Investment Services at State Street. “As leading asset managers like Columbia Threadneedle look to build scale and expand into new markets, we are well-positioned to provide them with full-service solutions.”

Columbia Threadneedle is committed to operational excellence and delivering a best-in-class client experience. We expect this consolidation of service providers to create efficiencies and savings for fund shareholders and Columbia Threadneedle. We do not expect a material financial impact for Ameriprise Financial, Inc. (NYSE: AMP), Columbia Threadneedle’s parent company. The consolidation and outsourcing of back-office services to State Street will begin in the fourth quarter of 2025 and is expected to take approximately one year to complete.

About Columbia Threadneedle Investments

Columbia Threadneedle Investments is a leading global asset manager that provides a broad range of investment strategies and solutions for individual, institutional and corporate clients around the world. With 2,300 people, including 550 investment professionals, based in North America, Europe and Asia, we manage and advise $690 billion of assets across developed and emerging market equities, fixed income, asset allocation solutions and alternatives.²

Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial, Inc. (NYSE:AMP). For more information, please visit columbiathreadneedleus.com.

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.

^1Subject to regulatory approval.

^2 As of June 30, 2025.

Information and opinions provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. State Street is an independent third-party and is unaffiliated with Columbia Threadneedle Investments.

This document and its contents have not been reviewed by any regulatory authority. In Australia: Issued by Threadneedle Investments Singapore (Pte.) Limited (TIS), ARBN 600 027 414. TIS is exempt from the requirement to hold an Australian financial services licence under the Corporations Act and relies on Class Order 03/1102 in marketing and providing financial services to Australian wholesale clients as defined in Section 761G of the Corporations Act 2001. TIS is regulated in Singapore (Registration number: 201101559W) by the Monetary Authority of Singapore under the Securities and Futures Act (Chapter 289), which differ from Australian laws. In Singapore: Issued by Threadneedle Investments Singapore (Pte.) Limited, 3 Killiney Road, #07-07, Winsland07, Winsland House 1, Singapore 239519, which is regulated in Singapore by the Monetary Authority of Singapore under the Securities and Futures Act (Chapter 289). Registration number: 201101559W. This advertisement has not been reviewed by the Monetary Authority of Singapore. In Hong Kong: Issued by Threadneedle Portfolio Services Hong Kong Limited 天利投資管理香港有限公司. Unit 3004, Two Exchange Square, 8 Connaught Place, Hong Kong, which is licensed by the Securities and Futures Commission (“SFC”) to conduct Type 1 regulated activities (CE: AQA779). Registered in Hong Kong under the Companies Ordinance (Chapter 622), No. 1173058. In Japan: Issued by Columbia Threadneedle Investments Japan Co., Ltd. Financial Instruments Business Operator, The Director-General of Kanto Local Finance Bureau (FIBO) No.3281, and a member of Japan Investment Advisers Association and Type II Financial Instruments Firms Association. In the USA: Columbia Management Investment Advisers, LLC (CMIA) is an investment adviser registered with the U.S. Securities and Exchange Commission. In the UK: Issued by Threadneedle Asset Management Limited, No. 573204 and/or Columbia Threadneedle Management Limited, No. 517895, both registered in England and Wales and authorised and regulated in the UK by the Financial Conduct Authority. In the EEA: Issued by Columbia Threadneedle Netherlands B.V., regulated by the Dutch Authority for the Financial Markets (AFM), registered No. 08068841 and/or by Threadneedle Management Luxembourg S.A., at 6E route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, registered with the Luxembourg Registre de Commerce et des Sociétés with No. B 110242 and authorised by the Commission de Surveillance du Secteur Financier (CSSF). In Switzerland: Issued by Threadneedle Portfolio Services AG, Registered address: Claridenstrasse 41, 8002 Zurich, Switzerland. In the Middle East: This document is distributed by Columbia Threadneedle Investments (ME) Limited, which is regulated by the Dubai Financial Services Authority (DFSA). For Institutional Clients: The information in this document is not intended as financial advice and is only intended for persons with appropriate investment knowledge and who meet the regulatory criteria to be classified as a Professional Client or Market Counterparties and no other Person should act upon it. By accepting delivery of this document, you agree that it is not to be copied or reproduced in whole or in part and that you will not disclose its contents to any other person. For Distributors: This document is intended to provide distributors with information about Group products and services and is not for further distribution.

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