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

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
State Street Corporation
Financial Reporting, Officer
State Street Corporation
Boston, United States
State Street Corporation
Financial Reporting, Senior Associate
State Street Corporation
Boston, United States
State Street Corporation
Application Development Lead
State Street Corporation
Quincy, United States
State Street Corporation
VP, Credit Risk Solution Analyst
State Street Corporation
Boston, United States
Morgan Stanley
Internal Audit Associate - Enterprise Infrastructure
Morgan Stanley
Baltimore, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.