State Street Expands Footprint in LATAM with AZ Quest Partnership

State Street Corporation (State Street), one of the world's leading financial services providers, has been selected by AZ Quest, an asset manager based in Sao Paulo, Brazil, to deliver fund accounting, fund administration, and investor servicing, further expanding State Street's persence in Latin America.

Marcia Rothschild, State Street head of Latin America, commented: "We are pleased to announce this relationship with AZ Quest, as we continue to expand our capabilities across the region, furthering our goal of supporting leading institutional clients throughout Latin America. We look forward to working with AZ Quest to help generate and sustain growth to meet their investment objectives."

Hebert Almeida, Partner and Head of Operations of AZ Quest, added: "We are excited to tap into State Street's expansive set of capabilities to help scale our existing offerings and continue to deliver excellence and innovation for our clients."

Recognizing the significance of the Latin American market, State Street has taken several steps to enhance its presence in the region. In 2021, it began providing forex services in Brazil, and from 2022 to 2023, the company opened new offices in Chile​ and Colombia​, bolstering its ability to serve institutional clients throughout Latin America.