Discover your dream Career
For Recruiters

Morgan-State Street Deal Moves 100 Employees

About 100 employees of Morgan Stanley Investment Management are moving to State Street Corp. as part of a deal under which the Boston-based financial firm will provide investment management services for some $300 billion in assets.

State Street will provide MSIM with global outsourcing services including trade settlement, portfolio administration and reporting and reconciliation services for a majority of MSIM's assets under management.

Most of the workers involved are in the U.S., State Street told InvestmentNews. The firms didn't say what levels of employees are moving.

Reuters notes that State Street is trying to morph from handling simple custody to also dealing with "more complicated areas of money management services."

author-card-avatar
AUTHORMark Feffer Insider Comment

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
State Street Corporation
Fund Accounting & Administration, Assistant Vice President
State Street Corporation
Clifton, United States
State Street Corporation
Transfer Agency Shareholder Services, Senior Associate
State Street Corporation
Quincy, United States
State Street Corporation
Senior Analyst, Assistant Vice President, Hybrid- Irvine CA
State Street Corporation
California City, United States
State Street Corporation
Senior Java Software Development Engineer, Hybrid- Irvine, CA
State Street Corporation
California City, United States
State Street Corporation
Alpha Platform Architect
State Street Corporation
Boston, United States