State Street Corp.has been appointed by Allianz GlobalInvestors GmbH and DekaBankDeutsche Girozentrale to provide investment services for more than €500billion in assets.
The company will provide fund accounting, fund administration,data management, reporting, fund year-end and tax support services. State Streetwill assume the technology infrastructure of the previous provider, Dealis FundOperations, and approximately 350 employees who are expected to join State Street.Dealis is a joint venture of DekaBank and Allianz Global Investors.