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Key State Street acquisition
State Street has moved to assume market dominance with respect to global alternative asset servicing with the acquisition of Jersey-based Mourant International Finance Administration (MIFA).
State Street announced the transaction this week, and said the acquisition would strengthen its leadership in global alternative asset servicing.
It said the combined State Street and MIFA businesses would rank number one in alternative asset servicing globally, number one in private equity servicing globally and number one in real estate asset servicing.
State Street said the acquisition would also expand its reach in Europe and Asia
AUTHOR
Mike Taylor
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