TOKYO, September 12, 2025 - State Street Corporation (NYSE: STT, hereinafter referred to as "State Street") and Daiwa Institute of Research (President and Representative Director: Atsushi Mochizuki, hereinafter referred to as " DIR") announced today that they have entered into a partnership regarding fund accounting solutions for investment trust management companies.
State Street will implement FAIMS, the investment trust accounting system owned by DIR, for fund accounting solutions in Japan to support global clients. With more than 15 years of experience offering fund accounting services in Japan, this partnership will further enhance State Street’s fund accounting capabilities in the country.
“Japan is an important market for State Street, and fund accounting is a core component of our investment servicing business,” said Akiko Terada, representative director and president at State Street Trust and Banking Co., Ltd. “We are delighted to integrate DIR’s innovative technology with our extensive global resources to further enhance our investment accounting and fund administration solutions to global asset management companies. This collaboration will help them effectively manage complex requirements across various client segments, domiciles, asset types and investment strategies. The partnership demonstrates our commitment to investing in our platform to meet our clients’ unique needs, enabling them to navigate the evolving markets and unlock growth.”
“We are thrilled to partner with State Street, a leader with decades of global accounting experience,” said Atsushi Mochizuki, president and representative director at DIR . “Together, we will empower investors with the insights and tools they need to navigate the increasingly-complex investment landscape today. We aim to ensure that they can access real-time comprehensive accounting information that transforms the way they manage the portfolios.”
State Street provides accounting service to more than 52,000 portfolios globally*. In addition, 41% of the U.S. mutual fund daily NAVs are calculated by State Street**.
* State Street, as of July 31, 2025
** State Street, as of 31 March 31, 2025
About State Street Corporation
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 US$49.0 trillion in assets under custody and/or administration and US$5.1 trillion* in assets under management as of June 30, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 52,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
*Assets under management as of June 30, 2025 includes approximately US$116 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.
About Daiwa Institute of Research Ltd.
Daiwa Institute of Research, as a think tank of the Daiwa Securities Group, provides solutions that integrate advanced data analysis, AI, and DX, centered on research, consulting, and systems. In addition to financial institutions such as securities companies and banks, we offer consulting and information system services aimed at business reform to a wide range of customers, including corporations and health insurance associations. We are also actively engaged in advanced technology and have many data scientists. Leveraging our long-standing achievements, reliable quality, and knowledge of advanced technology, we provide optimal solutions.
8360560.1.1.APAC.
Expiry date: 2026/09/4