State Street Corporation has signed an initial agreement to acquire Santander CACEIS Latam Securities Services, a joint venture owned by Santander Group and CACEIS. The joint venture oversees approximately $470 billion in assets under custody and $225 billion in assets under administration as of June 30, 2026. The deal will expand State Street's custody, foreign exchange, fund administration and other middle- and back-office services across Brazil, Mexico and Colombia. Financial terms were not disclosed, and the transaction is expected to close in 2027 pending regulatory approvals and other conditions. State Street plans to retain the joint venture's local workforce and operate through its existing licenses.
HSBC Holdings PLC
Northern Trust CorporationState Street CorpState Street is acquiring Santander CACEIS Latam JV, expanding its custody and administration business in Latin America.