Fund Administration Survey | Results
April 25th, 2009
The R & M Fund Accounting and Administration Survey in 2008 placed State Street as the best bank in fund administration and accounting services. HSBC has claimed the number one position usually but fell to second place behind State Street. BNY Mellon followed closely at third.
Surprisingly, the overall average score for the banks included in the survey fell from year-to-year in 2008. While other banks have dropped in performance scores, State Street was able to emerge with improved scores. State Street also performed well in Global Custodian’s Private Equity Fund Administration Survey, taking third overall as well as 26 best-in-class awards.
Source: State Street PR
