Boston investment banking giant State Street Corp. has been appointed by PineBridge Investments to provide investment manager operations outsourcing services for $53 billion in assets.

New York-based PineBridge Investments is a global, multi-strategy asset manager and investment adviser with $87.8 billion in assets, according to a statement.

State Street will provide PineBridge’s operations in New York, Dublin, Hong Kong and Tokyo with global outsourcing services, including transaction management, data management, investment recordkeeping, performance support and reconciliation. State Street will also provide fund accounting services for PineBridge in Japan.

"As PineBridge embarks on its journey as an independent firm, it is vital that the business works with the leading players within the sector," said Orla Horn, managing director and global head of investment services of PineBridge. "State Street’s global expertise in investment servicing, its proven technology capabilities and scale will provide significant benefits to support our clients and our rapid business expansion. We look forward to working with them in a true partnership arrangement."

"PineBridge already possesses a history of providing high quality client service. We believe that they have an exciting future ahead and are pleased to be working with them as they continue to grow and develop their business," said Jeff Conway, executive vice president and head of investment manager operations servicing and new business integration at State Street. "State Street continues to focus on building significant global scale and infrastructure to our outsourcing platform to provide our customers with unique and advanced solutions that best suit their needs."