Columbia Threadneedle, a Subsidiary of Ameriprise Financial, Selects State Street as Back Office Provider
Columbia Threadneedle Investments, a subsidiary of Ameriprise Financial Inc., has announced its selection of State Street Corporation as its global back office service provider. This strategic move aims to consolidate and outsource fund accounting, administration, and custody services for Columbia Threadneedle's pooled funds, including those in the U.S. and Europe. The transition is set to begin in the fourth quarter of 2025 and is anticipated to last approximately one year. The partnership builds on a long-standing relationship and is expected to enhance Columbia Threadneedle's operational efficiency and client service. More than 100 employees from Columbia Threadneedle will transition to State Street, ensuring service continuity and expertise for fund shareholders.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ameriprise Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250829114644) on August 29, 2025, and is solely responsible for the information contained therein.
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