Fund administration

Etera appoints State Street to provide fund admin solutions

Etera Mutual Pension Insurance Company has appointed State Street Corporation to provide a wide range of pension fund solutions.

State Street will provide custody, fund accounting, transaction management, securities lending, futures clearing, agent fund trading, daily risk services, OTC derivatives servicing and collateral management for more than EUR5.6bn in assets under management.
 
“Given the Finnish and European regulatory challenges facing the industry, and our enhanced investment strategy we needed to look to future proof our current business model.  The ability of State Street to address our needs and provide a holistic solution to our liabilities was extremely important to us,” says Jari Puhakka, chief investment officer of Etera. 
 
“Asset owners need access to real-time data to optimise their investment decisions. This helps explain why almost nine out of 10 asset owners plan to invest in order management and execution management systems over the next three years,” says Paola Bergamaschi, head of asset owner solutions for State Street in Europe, Middle East and Africa. “We’re pleased to be able to bring our expertise of servicing some of the largest pension funds globally to meet Etera’s specific requirements, and help them build a strong business going forward.”
 
Etera is a mutual employment pension insurance company. It offers companies, organisations, entrepreneurs and households statutory earnings-related pension insurance and related services. 

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