The State Street Corporation (NYSE: STT) (State Street) and Boston Financial Data Services, Inc. (Boston Financial), a joint venture of State Street and DST Systems, Inc., announced today that they have been appointed by Transamerica Asset Management (Transamerica) to provide a full range of investment services for over $55.5 billion in assets. In an expansion of a long-standing relationship, State Street will provide Transamerica with a range of fund administration services, including financial reporting, expense administration and compliance monitoring. Boston Financial will begin a new relationship by providing shareholder recordkeeping, investor and intermediary servicing, and compliance services. "We have enjoyed a very successful, strategic partnership with State Street, so it was a natural choice when we sought a provider for fund administration services that we had confidence in," said Tom Swank, president and CEO, Transamerica Individual Savings & Retirement. "Boston Financial has a strong reputation as a leading solutions provider with a range of services that complements State Street's offering. We look forward to working with Boston Financial and State Street to further strengthen our overall operational capabilities." State Street currently serves as custodian and accounting agent for Transamerica mutual funds. "By leveraging our expertise, scale, and level of investment in servicing the financial industry, Transamerica will be able to focus on increasing the distribution of their funds," said Terry Metzger, President and CEO at Boston Financial. "Expanding an already successful outsourcing relationship can further improve investment operations," said Alan Greene, executive vice president of US investment services and institutional investor services at State Street. "With the addition of these new capabilities from both State Street and Boston Financial, we look forward to helping Transamerica generate greater efficiencies, better positioning them to focus on meeting their growth objectives." Other services to be provided by State Street include performance reporting, tax administration and legal administration.
About Transamerica Asset ManagementTransamerica Asset Management (TAM) is the asset management business unit of Transamerica. TAM consists of Transamerica Funds, Transamerica Partners Funds, Transamerica Series Trust, Transamerica Income Shares, Inc., and Transamerica Asset Management, Inc., a registered investment advisor. TAM manages more than $52.6 billion assets as of 9/30/12. TAM and its affiliate companies are wholly owned by AEGON N.V., an international life insurance, pension and asset management company. About Boston Financial For 40 years, Boston Financial Data Services, Inc. has provided investor and intermediary services to the financial marketplace. Boston Financial was founded in 1973 as a unique partnership between two of the leading forces in the mutual fund business: DST Systems, Inc. of Kansas City, Mo., and State Street Corporation of Boston, Mass. To learn more, please visit the Boston Financial website at www.bostonfinancial.com. About State Street State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $24.4 trillion in assets under custody and administration and $2.1 trillion in assets under management at December 31, 2012, State Street operates in 29 countries and more than 100 geographic markets. For more information, visit State Street’s web site at www.statestreet.com. This AUM includes the assets of the SPDR Gold Trust (approx. $72.2 billion as of December 31, 2012), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent. CORP-0687