State Street Corporation has partnered with Daiwa Institute of Research ( DIR ) to enhance fund accounting solutions for investment trust management companies.

State Street will implement FAIMS, the investment trust accounting system owned by DIR, to support global clients. With over 15 years of experience in providing fund accounting services in Japan, the partnership aims to 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,” says 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.”

Atsushi Mochizuki, DIR president and representative director, adds: “Together, we will empower investors with the insights and tools they need to navigate the increasingly complex investment landscape of today. We aim to ensure that they can access real-time comprehensive accounting information that transforms the way they manage the portfolios.”