State Street Corporation has been appointed to provide a full range of investor services to Credit Suisse Funds and ING Funds.

State Street’s new business with the Credit Suisse Funds is an expansion of its five-year role as custodian. Under the new relationship, State Street will also provide accounting and fund administration services for approximately 50 funds, representing close to $8 billion in assets.

“We are pleased to extend our relationship with State Street to include a full range of investor services solutions for our U.S. mutual fund products,” says Michael Pignataro, Chief Financial Officer of the Credit Suisse Funds. “State Street’s custodial, fund accounting, fund administration and transfer agency services will ultimately have a positive impact on the services we deliver to our shareholders.”

Beginning on April 1, State Street will provide custody and accounting services to 48 ING Funds, formerly known as the Aetna Funds, with total assets of $18 billion. State Street has served as custodian to 56 ING Funds.

The consolidation of ING’s domestic fund accounting and custody services will increase ING’s total assets under custody at State Street to approximately $29 billion.