State Street Appointed to Provide Custody Services for Bladex

State Street Corporation ("State Street" or "Corporation") announced that it has been appointed to provide custody services for Bladex, a Panama-based multinational bank established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the region.

"We are pleased to announce this mandate with Bladex, as we continue to expand our custody capabilities across the region, furthering our goal of supporting leading institutional clients in Latin America," said Marcia Rothschild, State Street head of Latin America. "We look forward to partnering together to help Bladex generate and sustain growth to meet their investment objectives."

"We are confident that establishing this relationship with State Street will provide us with a robust and efficient platform to expand our scale and meet our future growth objectives," said Eduardo Vivone, executive vice president, Treasury and Capital Markets, Bladex.

The announcement further complements work that the Corporation has been underway in Latin America over the past several years. In 2022, the bank announced the opening of a new office in Chile to help the firm serve and support institutional clients in the region, and also launched an integrated fund trading solution along with a custody offering for clients in Mexico. Additionally, in 2021, the firm announced that its Brazilian bank, Banco Comercial (formerly known as Natixis Brasil S.A. - Banco Múltiplom),, began offering full foreign exchange (FX) trading capabilities and sales operations.