State Street finalises takeover

FINANCIAL services company State Street has acquired Investors Financial Services, bringing its number of employees in Ireland to 2,000.

William Slattery, executive vice president and country head of State Street Ireland, said the company has experienced huge growth in the past year with assets under administration up by $80 billion (€58.7bn) or 50% since last June.

“We believe this acquisition will underpin continued and sustainable growth and enhance services to our mutual clients.