Hengeler Mueller advises State Street on appointment of fund accounting and fund administration of Dealis Fund Operations with a volume of EUR 500 bn

12. May 2016

Allianz Global Investors and DekaBank appointed State Street to provide fund accounting and fund administration for more than EUR 500 bn in assets previously performed by Dealis Fund Operations. State Street will assume the operations as well as the data management from Dealis Fund Operations. Within the framework of the appointment State Street intends to take on all of the approximately 350 Dealis employees based at the premises in Frankfurt, Leipzig and Luxembourg.

Hengeler Mueller advises State Street on this appointment. The Hengeler Mueller team includes partners Thomas Paul (Banking), Frank Burmeister, Peter Weyland (both Corporate/M&A), Christian Hoefs (Employment) (all Frankfurt), Alf-Henrik Bischke (Antitrust, Düsseldorf), Dr. Martin Klein and counsel Mathias Link (both Tax, Frankfurt) as well as associates Annika Clauss (Corporate/M&A), Malte Wundenberg, Julia Rost (both Banking), Steffen Hörner (Tax), Anne Broll (Employment) (all Frankfurt), Christoph Wilken (Antitrust, Düsseldorf). Arendt & Medernach advises on Luxembourg law.