FinanceAsia Achievement Awards 2000 - Best Global Custodian

State Street

Leveraging on its global experience in mutual funds and pension funds, State Street has been moving gradually up the value chain to provide pre-trade services to clients, positioning itself in key Asian markets, particularly in the North East. KK Tse, the bank's managing director in Asia, has repeatedly made the point that State Street, while continuing to provide competitive custody service, will focus more on meeting fund managers' needs in the region.

Much of the groundwork has been laid in the past year by acquiring local expertise through either acquisitions or cooperation. The most significant strategic deal it has struck up in Asia this year perhaps is its alliance with ICBC Industrial and Commercial...

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