BlackRock Yanks $2 Trillion in U.S. ETF Custody Assets from State Street

Posted on 12/08/2021

The world’s largest asset manager BlackRock yanked roughly US$ 2 trillion of exchange-traded fund (ETF) assets out of safekeeping at State Street. For more than a decade, State Street was the sole custodian for BlackRock’s U.S. ETFs. Some of the administrative and accounting tasks State Street performs will be spread across to Citi, J.P. Morgan […]

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