State Street Corporation (NYSE:STT) announced today that it has been selected to provide fund accounting, fund management and investor servicing to AZ Quest, an asset manager based in São Paulo, Brazil.

State Street will provide this range of services to AZ Quest Fund SPC and its separate portfolios.

Today’s announcement reinforces State Street’s continued growth in Latin America. In 2023, State Street announced the opening of a new office in Colombia, following the opening of offices in 2022 in Chile to help the firm serve and support institutional clients in the region. Additionally, in 2021, the company announced that its Brazilian bank, Banco Comercial (formerly known as Natixis Brasil SA – Banco Múltiplom), began offering full foreign exchange (FX) trading capabilities and sales activities.

“We are excited to leverage State Street’s extensive set of capabilities to help scale our existing offerings and continue to deliver excellence and innovation for our clients,” noted Hebert Almeida, partner and chief operating officer of AZ Quest.