Principal Financial Group to Leverage State Street’s Integrated Investment Servicing Platform to Support Evolution of Its Mutual Fund Business
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The U.S. State Street financial group has been selected by the U.S. Principal Group insurer to provide retention, accounting and fund administration services to Principal's mutual funds. The relationship between the two entities goes back more than ten years. Principal Asset Management manages approximately $594 billion in outstanding assets.
State Street Expands Partnership with Principal Financial Group for Mutual Fund Servicing | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
State Street Corporation (NYSE: STT) has been selected by Principal Financial Group to provide custody, fund accounting, and administration services for Principal Funds, the two companies announced on June 4, 2026. The expanded mandate will see Principal leverage State Street’s integrated investment servicing platform and global operating scale to support the ongoing development of its mutual fund business. The move signals Principal’s strategic…
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