State Street has brought together five of its middle office businesses into one unit, claiming it will increase scale for customers.
The five businesses, which all perform performance and analytics work, will unite into a single global team known as State Street Investment Analytics (SSIA), reporting to Boston-based senior vice president William Pryor. The five businesses are State Street Analytics, WM Performance Services, the universe and research services of Intersec, the trade cost analysis of Elkins McSherry and the alternative investment performance and analytics capabilities of Private Edge. All bar the first listed will continue as separate product names, but will be offered under the SSIA banner both singly and packaged together.
25 September 2007 00:00
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Investments
Asset managers that underestimate the importance of artificial intelligence to their businesses do so at their own peril, according to Anton Eser, global chief investment officer of Robeco, who thinks that many have less than a year to get across the “most important transformation” the industry has seen since the beginning of the index business more than 25 years ago.
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