{"id":395305,"date":"2020-12-08T08:33:37","date_gmt":"2020-12-08T13:33:37","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395305"},"modified":"2020-12-08T08:33:37","modified_gmt":"2020-12-08T13:33:37","slug":"state-street-announces-extension-of-servicing-agreement-with-glenmede-investment-management","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-announces-extension-of-servicing-agreement-with-glenmede-investment-management\/","title":{"rendered":"State Street Announces Extension of Servicing Agreement with Glenmede Investment Management"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>State Street Announces Extension of Servicing Agreement with Glenmede Investment Management<\/b><\/p>\n<p>\nNew Agreement Includes Renewal of Core Fund Services\n<\/p>\n<p>BOSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nState Street Corporation (NYSE:STT) today announced that it has extended its investment servicing relationship with Glenmede Investment Management L.P., (\u201cGIM\u201d), a leading independently-owned asset management firm and the Glenmede Funds, which are managed by GIM. As part of these renewals, State Street will continue to provide global custody, accounting, fund administration and transfer agency solutions for the Glenmede Funds. In addition, in line with State Street\u2019s front-to-back offering, GIM will be taking advantage of State Street\u2019s outsourced non-US equity trading and middle office services for GIM\u2019s international equity strategy.\n<\/p>\n<p>\n\u201cWe are very pleased to expand on our relationship with GIM and the Glenmede Funds,\u201d said Ellyn Charters, senior vice president at State Street. \u201cWe are committed to partnering with each of our clients to help them generate and sustain growth. I believe that State Street is uniquely positioned to help our clients navigate the complexities of today\u2019s market, and that our solutions are helping drive value and create efficiencies on behalf of our client\u2019s stakeholders.\u201d\n<\/p>\n<p>\nThe extension marks a key milestone with long-standing clients and represents another win in State Street\u2019s effort to support their clients across front, middle and back office. State Street believes that GIM and the Glenmede Funds will benefit from continuity of service. By supplementing their internal trading expertise with State Street\u2019s market transparency, reporting and access to global liquidity, GIM will maximize the value for their clients, drive future growth and support geographical expansion and access to new asset classes.\n<\/p>\n<p>\n\u201cWe are confident that extending our relationship with State Street will enhance our ability to service our clients, and improve the scale and efficiency required to meet our future growth objectives\u201d said Kent Weaver, President of the Glenmede Funds.\n<\/p>\n<p><b>About State Street Corporation<\/b><\/p>\n<p>\nState Street Corporation (NYSE: STT) is one of the world&#8217;s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $36.6 trillion in assets under custody and\/or administration and $3.1 trillion* in assets under management as of September 30, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street&#8217;s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.statestreet.com&amp;esheet=52344723&amp;newsitemid=20201208005646&amp;lan=en-US&amp;anchor=www.statestreet.com&amp;index=1&amp;md5=6a7a576cc6977a99734a6db287000761\">www.statestreet.com<\/a>.\n<\/p>\n<p><i>*Assets under management as of September 30, 2020 includes approximately $81 billion of assets with respect to SPDR\u00ae products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.<\/i><\/p>\n<p>\n\u00a9 2020 State Street Corporation &#8211; All Rights Reserved\n<\/p>\n<p>\n3359115.1.1.GBL.RTL\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201208005646r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201208005646\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201208005646\/en\/<\/a><\/span><\/p>\n<p>\nBrendan Paul<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:BPaul2@statestreet.com\">BPaul2@statestreet.com<br \/>\n<\/a><br \/>+1 401 644 9182\n<\/p>\n<p><b>KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Consulting Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201208005646\/en\/451216\/3\/New_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>State Street Announces Extension of Servicing Agreement with Glenmede Investment Management New Agreement Includes Renewal of Core Fund Services BOSTON&#8211;(BUSINESS WIRE)&#8211; State Street Corporation (NYSE:STT) today announced that it has extended its investment servicing relationship with Glenmede Investment Management L.P., (\u201cGIM\u201d), a leading independently-owned asset management firm and the Glenmede Funds, which are managed by GIM. As part of these renewals, State Street will continue to provide global custody, accounting, fund administration and transfer agency solutions for the Glenmede Funds. In addition, in line with State Street\u2019s front-to-back offering, GIM will be taking advantage of State Street\u2019s outsourced non-US equity trading and middle office services for GIM\u2019s international equity strategy. \u201cWe are very pleased to expand on our relationship with &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-announces-extension-of-servicing-agreement-with-glenmede-investment-management\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;State Street Announces Extension of Servicing Agreement with Glenmede Investment Management&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-395305","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>State Street Announces Extension of Servicing Agreement with Glenmede Investment Management - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-announces-extension-of-servicing-agreement-with-glenmede-investment-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State Street Announces Extension of Servicing Agreement with Glenmede Investment Management - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"State Street Announces Extension of Servicing Agreement with Glenmede Investment Management New Agreement Includes Renewal of Core Fund Services BOSTON&#8211;(BUSINESS WIRE)&#8211; State Street Corporation (NYSE:STT) today announced that it has extended its investment servicing relationship with Glenmede Investment Management L.P., (\u201cGIM\u201d), a leading independently-owned asset management firm and the Glenmede Funds, which are managed by GIM. As part of these renewals, State Street will continue to provide global custody, accounting, fund administration and transfer agency solutions for the Glenmede Funds. In addition, in line with State Street\u2019s front-to-back offering, GIM will be taking advantage of State Street\u2019s outsourced non-US equity trading and middle office services for GIM\u2019s international equity strategy. \u201cWe are very pleased to expand on our relationship with &hellip; Continue reading &quot;State Street Announces Extension of Servicing Agreement with Glenmede Investment Management&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-announces-extension-of-servicing-agreement-with-glenmede-investment-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-08T13:33:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201208005646r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-announces-extension-of-servicing-agreement-with-glenmede-investment-management\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-announces-extension-of-servicing-agreement-with-glenmede-investment-management\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"State Street Announces Extension of Servicing Agreement with Glenmede Investment Management\",\"datePublished\":\"2020-12-08T13:33:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-announces-extension-of-servicing-agreement-with-glenmede-investment-management\\\/\"},\"wordCount\":485,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-announces-extension-of-servicing-agreement-with-glenmede-investment-management\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201208005646r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-announces-extension-of-servicing-agreement-with-glenmede-investment-management\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-announces-extension-of-servicing-agreement-with-glenmede-investment-management\\\/\",\"name\":\"State Street Announces Extension of Servicing Agreement with Glenmede Investment Management - 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