State Street : Swiss & Global Asset Management Appoints State Street to Provide a Range of Investment Servicing Solutions for $70 Billion in Assets

LONDON and BOSTON - State Street Corporation (NYSE: STT) announced today that it has expanded its relationship with Swiss & Global Asset Management (Swiss and Global) to provide a range of investment servicing solutions for $70 billion in assets.

State Street will service the majority of Swiss & Global' s range of investment funds domiciled in Switzerland and Luxembourg which also includes the "Julius Baer" public mutual fund family.  State Street will provide  custody, fund accounting and administration, asset pooling, securities lending, foreign exchange, share class hedging and transfer agency services. 

Peter O'Neill, head of State Street in Europe, Middle East and Africa commented, "We are delighted Swiss & Global has decided to expand its relationship with us. Asset managers today face an increasingly complex environment. Our goal is to provide them with the integrated solutions they need to navigate these complexities and focus on their core business.

"The ability to understand what's driving investment performance, and report on it more comprehensively than ever before, is also critical at a time when investors and regulators are highlighting risk and transparency. Partnering with companies like State Street to manage functions like custody, accounting, asset pooling and analytics helps asset managers to focus more of their resources on growing their business."

Martin Jufer, member of the group management board of GAM Holding and chief operating officer for Swiss & Global said, "Over the past two years Swiss & Global has built a partnership with State Street as they provided servicing solutions for a component of our investment funds. The appointment of State Street to service the majority of our investment funds is a testament to their capabilities and high service quality for complex investment funds domiciled in several jurisdictions."

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 $28.47 trillion in assets under custody and administration and $2.42 trillion* in assets under management as of September 30, 2014, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street's web site at www.statestreet.com.

*Assets under management include the assets of the SPDR® Gold ETF (approximately $30 billion as of September 30, 2014), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.

About Swiss & Global

Swiss & Global Asset Management is part of GAM Holding AG, an independent, pure-play asset management group. Born out of Julius Baer Asset Management in October 2009, Swiss & Global Asset Management is the exclusive manager of Julius Baer funds. In addition to its comprehensive range of investment funds, it offers tailored solutions for institutional clients and customised private labelling

GAM Holding AG is listed on the SIX Swiss Exchange. The Group has assets under management of CHF 124.1 billion (as at 31 September 2014) and employs over 1,000 staff with offices in 11 countries.

Investing involves risk including the risk of loss of principal.

The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without State Street express written consent.

The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2004/39/EC) and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor's or potential investors particular investment objectives, strategies, tax status, risk appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

Expiration date: 12/31/2015