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.

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.