State Street looks set to use Channel Islands operations as spring-board into Europe

Channel Islands: Surviving and thriving (supplement August 2010)

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State Street’s purchase of Mourant’s fund administration business in the Channel Islands has transformed the industry. The presence of such a significant player in the territory is not just a vote of confidence in the future of the Channel Islands but also signalled State Street’s intention of significantly expanding its market share in Europe.

Gary Clark, head of hedge fund services for the Channel Islands at State Street Global Services, who is based in Jersey, is under no illusions as to the i

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