UTI International (Singapore) taps State Street for administration, custody

UTI International (Singapore) hired State Street Corp. (STT) as fund administrator and custodian for the firm's new UTI Indian Fixed Income Fund, confirmed UTI International's Abhijit S. Singh, vice president business development-Asia.

The fund, to be launched around Nov. 15, will be the first UCITS product for UTI International (Singapore), Mr. Singh said in an e-mail.

UTI International (Singapore) managed just more than US$2 billion as of Sept 30, Mr. Singh said.