State Street Corp., the Boston-based asset management and securities custody bank, has stepped up the pace of its international expansion with initiatives in South Africa and China.

The bank said last week that it had reached preliminary agreement to form an alliance with the Johannesburg-based Nedcor banking group to jointly market global and domestic securities-related services to institutional investors in South Africa.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.