BOSTON--(BUSINESS WIRE)--Jan. 5, 2006--State Street Corporation
(NYSE: STT), the world's leading provider of services to institutional
investors, announced today that it has been appointed by John Hancock
Funds II to provide custody, fund accounting and securities lending
services to John Hancock Funds' Lifestyle Portfolios. The Lifestyle
Portfolios comprise five retail Lifestyle mutual funds of funds, with
47 underlying mutual fund portfolios and $15 billion in assets.
"We have worked with State Street for more than 15 years, and knew
they had the range of capabilities and skills to support multiple
requirements of our retail Lifestyle Portfolios' launch," said Gordon
Shone, senior vice president of John Hancock. "We felt comfortable
that State Street has the depth and experience to service our
operationally complex funds."
"We are pleased that we have been able to help support John
Hancock through many different stages of their business growth," said
Jay Hooley, executive vice president and head of global investment
servicing at State Street. "Customers are demanding more and more
servicing solutions from their investment providers, and they
recognize that a successful partnership can help ensure that they stay
ahead in this competitive marketplace."
State Street provides a variety of investment services to more
than 40 percent of the mutual fund industry, and is the largest
contributor of mutual fund NAV's to NASDAQ.
About State Street Corporation:
State Street Corporation (NYSE: STT) is the world's leading
specialist in providing institutional investors with investment
servicing, investment management and investment research and trading.
With $9.8 trillion in assets under custody and $1.4 trillion in assets
under management (as of September 30, 2005), State Street operates in
25 countries and more than 100 geographic markets. For more
information, visit State Street's web site at www.statestreet.com.
About John Hancock Funds
John Hancock Funds, a Boston-based investment management
organization, manages more than $34.0 billion in open-end funds,
closed-end funds, private accounts, retirement plans and related party
assets for individual and institutional investors as of September 30,
2005. Additional information about John Hancock Funds can be found on
the website: www.jhfunds.com.
About John Hancock and Manulife Financial
John Hancock is a unit of Manulife Financial Corporation, a
leading Canadian-based financial services group serving millions of
customers in 19 countries and territories worldwide. Operating as
Manulife Financial in Canada and most of Asia, and primarily through
John Hancock in the United States, the Company offers clients a
diverse range of financial protection products and wealth management
services through its extensive network of employees, agents and
distribution partners. Funds under management by Manulife Financial
and its subsidiaries were Cdn$360 billion (US$310 billion) as of
September 30, 2005.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE
and PSE, and under '0945' on the SEHK. Manulife Financial can be found
on the Internet at www.manulife.com
CONTACT: State Street CorporationCarolyn Cichon, 617-664-8672
SOURCE: State Street Corporation