Swedbank and State Street enter into strategic partnership
Swedbank has entered into a strategic partnership with State Street, one of the world's leading providers of financial services to institutional investors. State Street will be the new global custody provider to Swedbank. The partnership will enable the two parties to establish a leading Nordic client offering that will include fully integrated asset servicing for domestically and globally invested organisations.New custodian bankThe partnership has been designed to bring together Swedbank’s Nordic and Baltic banking relationships and comprehensive local presence with State Street’s