State Street Research & Management may no longer be part of MetLife, but that does not mean State Street Corporation can't forge its own ties with the insurer.

State Street reported on Monday that it will provide accounting, valuation and reporting for approximately $75 billion in separately managed account assets for MetLife.

The mega-money manager already custodies MetLife's SMA assets, as well as provides TA, custody, administration and accounting services for approximately $45 billion in MetLife's mutual fund and variable annuity assets. 

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