State Street Corp.'s campaign to duplicate its success as a global custodian for U.S. money managers with their counterparts overseas is off to a roaring start in Europe.

The initial step of the campaign has been to follow U.S. investment- management clients to foreign markets where they are taking on pension clients. The next step is to pry the custody of pension assets managed by foreign investment managers from local banks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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