State Street selected as service provider for Columbia Threadneedle UCITS ETFs
State Street Corporation (NYSE:STT) today announced it has been appointed as the service provider for Columbia Threadneedle Investments’s newly launched UCITS actively-managed ETFs.
The initial products launched are the CT QR Series US Equity Active UCITS ETF and the CT QR Series European Equity Active UCITS ETF. These will be followed by Emerging Markets and Global products in the coming months.
State Street provides end-to-end service support, including custody, depositary, fund accounting, ETF basket creation, create / redeem order management, ETF settlement, transfer agency and reporting.
“We’re pleased to support Columbia Threadneedle as they implement their actively managed ETFs in the European market,” said Ken Shaw, head of EMEA ETF Product at State Street. “Our global leadership with ETFs and our robust operational infrastructure uniquely position us to support Columbia’s important launch.”
State Street’s proven track record supporting ETFs and mutual funds spans Asia-Pacific, Europe and North America. This global expertise enables consistent, scalable support for Columbia’s UCITS launch.
“Expanding investor access through innovative structures like ETFs is core to our mission,” said Richard Vincent, head of Product, EMEA at Columbia Threadneedle. “State Street’s consultative support, technology and ETF servicing expertise have been instrumental in preparing for this launch.”
