State Street retains Channel Islands’ Fund Administrator of the Year title at Custody Risk Awards 2013
State Street was named Channel Islands Fund Administrator of the Year for the second consecutive year at the prestigious Custody Risk European Awards 2013 recently.
In total, State Street picked up six awards, including Private Equity Administrator and Real Estate Administrator of the Year, both of which also directly recognise the high quality alternative fund administration work undertaken in the Channel Islands.
State Street’s wider expertise across Europe was also highlighted as the firm won three further awards, including Fund of Funds Administrator of the Year, Fund Administrator of the Year in Ireland, and Securities Lender of the Year.
Acknowledged as one of the major awards in the securities servicing industry, winners of the Custody Risk European Awards are selected by a highly experienced independent judging panel. The awards aim to identify the best companies in custody, fund administration and technology across Europe. In winning the Channel Islands fund administration award, State Street was selected ahead of two other short listed firms.
The tenth Custody Risk European Awards were held on Wednesday 20th November at London’s Royal Garden Hotel, organised by the Incisive Media Group, publishers of Custody Risk magazine.
Phil McGowan, senior managing director of State Street’s Private Equity and Real Estate Fund Administration and Corporate Administration Services in Europe, commented:
“We are delighted both to retain the Channel Islands fund administration title and for the quality of the specialist private equity and real estate services we provide, together with the wider State Street business in Europe, to be recognised. To have won so many awards that are directly relevant to our business in Jersey and Guernsey is clearly fantastic news and I would like to thank all our staff who, through their hard work and ongoing efforts to provide the highest possible standards of service to clients, have helped make this happen.”