State Street Corp. has been awarded two contracts to provide custodian and administration services for Scudder Investments and Aon Asset Management.
State Street will provide fund accounting and certain fund administration services for Scudder including 200 mutual funds, funds of funds, variable annuity and certain defined contribution products. In addition, State Street will be responsible for calculating daily net asset values per share for approximately 515 share classes.
The firm will also serve as administrator and custodian for Aon's new Ireland-based umbrella fund, which currently holds 300 million pounds of assets.
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