State Street Corporation (NYSE:STT) today announced that it has been selected to provide fund accounting, fund administration and investor servicing for AZ Quest, an asset manager based in Sao Paulo, Brazil.
State Street will provide this range of services to the AZ Quest Fund SPC and its segregated portfolios.
Today’s announcement strengthens State Street’s continued growth in Latin America. In 2023, State Street announced the opening of a new office in Colombia, following the 2022 office opening in Chile to help the firm serve and support institutional clients in the region. Additionally, in 2021, the firm announced that its Brazilian bank, Banco Comercial (formerly known as Natixis Brasil S.A. – Banco Múltiplom), began offering full foreign exchange (FX) trading capabilities and sales operations.
“We are excited to tap into State Street’s expansive set of capabilities to help scale our existing offerings and continue to deliver excellence and innovation for our clients,” noted Hebert Almeida, partner and head of Operations of AZ Quest.
