14 Jul 2021
Legal & General Investment Management (LGIM) announces that it is extending its existing partnership with State Street by expanding its usage of Charles River technology and to deliver middle office servicing.
This appointment of State Street, as well as the expansion of our use of Charles River technology across a number of our investment management services in the UK, America, Asia and Europe will enable us to offer a more automated, consistent and seamless way for all our clients to do business with us from all over the world.
The main impact of this transaction will be to improve LGIM's operational scalability - we expect it to be financially neutral. LGIM's financial ambitions remain as stated in previous market guidance.
This continues our evolution of building a market-leading, scalable global operating model to deliver best in class service to our clients and make it easier for them to do business with us.
Brenda Sklar, Chief Operating Officer
We are thrilled that LGIM is expanding its partnership with State Street to improve its global operating model by further leveraging Charles River and committing to our State Street Alpha services platform.
John Plansky, Head of State Street Alpha
Legal & General Group plc published this content on 14 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2021 09:02:02 UTC.