Overseas ambitions drive AmInvest-State Street deal

Malaysia’s AmInvest has outsourced certain middle-office functions – including trade matching, investment accounting and reporting – to State Street, together with custody services. This is due partly to a trend for institutional investors in the country to select their own custodians rather than using those of their asset managers, and partly to AmInvest's overseas ambitions. This is in terms of both opening new offices outside Malaysia and receiving wider mandates from more inst…