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State Street Expands Investment Servicing Relationship with Principal Financial Group®

$STTPress releaseJun 4, 2026, 8:30 AM ETRead the release

State Street Corporation announced it has been selected by Principal Financial Group to provide custody, fund accounting, and administration services for Principal Funds. This expanded mandate deepens a partnership spanning more than a decade, allowing Principal to leverage State Street’s global scale for its mutual fund business.

Key figures

Assets under custody
54.5 trillion
Assets under management
5.6 trillion

AI analysis

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