State Street expands services for Principal Financial mutual funds

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Go back to State Street expands services for Principal Financial mutual funds

State Street Expands Investment Servicing Relationship with Principal Financial Group®

June 4, 2026 8:30 AM EDT

Long-standing partnership deepens as Principal® aligns operating strategy for mutual funds with scalable infrastructure

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) today announced that it has been selected by Principal Financial Group®, a global financial services company specializing in retirement solutions, asset management and insurance, to provide custody, fund accounting and administration services for Principal Funds.

Under the expanded mandate, Principal® will leverage State Streets integrated investment servicing platform and global operating scale to support the continued evolution of its mutual fund business. The appointment... More