Bringing you live news and features since 2006 

State Street and IFDS appointed by PIMCO to provide investment servicing for new Canadian funds


State Street Corporation and International Financial Data Services (IFDS) Canada have been appointed by PIMCO to provide a range of investment services for PIMCO’s newly launched Canadian retail funds.

State Street will provide fund accounting, fund administration, custody and trustee services and IFDS will provide transfer agency and unit-holder record-keeping services for the eight new funds. Founded in 1971, PIMCO is a global investment solutions provider with more than 1,300 dedicated professionals in 10 countries focused on managing risks and delivering returns to clients.

“Our retail funds leverage current institutional mandates and provide Canadian investors with solutions that demonstrate PIMCO’s thought leadership,” says Stuart Graham, president, PIMCO Canada. “After a competitive RFP process, we appointed State Street and IFDS based on their ability to provide a specialised, technologically advanced and efficient servicing solution that could support this expansion of our business.”

Kevin Drynan, senior vice president and managing director of State Street’s investment servicing business in Canada, says: “We are pleased to be partnering with PIMCO to launch its new funds and to help grow its business in Canada. As the demand for asset servicing continues to grow, we remain focused on partnering with our clients as they expand in the region. State Street is consistently chosen by clients based on the strength of our technology and the customisation that we offer.”

State Street and IFDS have been providing a variety of investment services for PIMCO over the last decade, including custody, accounting, valuation and transfer agency services. Since 2000, State Street has provided PIMCO with investment operations outsourcing services including transaction management, pricing, derivatives processing, collateral management, custody, accounting, systems and IT development.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by