State Street (STT)

State Street Corp. Tuesday said it has agreed to acquire Mourant International Finance Administration. Mourant, based in the Channel Islands, has about $170 billion of assets under administration and 650 employees. It is called a leading provider of fund-administration services, particularly for alternative investments such as private equity, real estate and hedge funds. The purchase prices is not being disclosed.
The deal would increase State Street's alternative-investment presence.

Dec 1 · 12:42:00 PM
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter