State Street Corp. of Boston said this week that it will provide transfer agency, fund accounting, administration and custody services to both Credit Suisse Funds and ING Funds in a deal that amounts to $26 billion in assets.

State Street said it will expand its five-year fund custody arrangement with Credit Suisse Funds, which are sub-advised by Credit Suisse Asset Management, to include accounting and administration services for about 50 funds that represent nearly $8 billion in assets.

In addition, starting April 1, State Street will provide custody and accounting to 48 ING Funds, which were formerly known as the Aetna Funds. Those products total $18 billion in assets, State Street said. The firm will also serve as custodian to 56 ING Funds that had once been known as the Pilgrim Funds.

State Street has a total of $6.2 trillion in assets under custody.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.