BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT), the world's leading provider of
financial services to institutional investors, announced today that it
has been reappointed by the West Virginia University Foundation and WVU
Hospitals to provide custody, accounting and performance analytics
services for $650 million in assets.
State Street Investment Analytics' Private Edge(R) Group will
also provide the WVU Foundation with private equity analytics services.
The Private Edge(R) Group provides detailed analyses of private
equity investments for a diverse client base including public and
private pensions, endowments and foundations, representing more than
4,500 commitments totaling approximately $240 billion.
"Over the past eight years we have worked together with the WVU
Foundation to develop innovative solutions for their new product
launches," said Michael Williams, executive vice president of
institutional investor services at State Street. "We look forward to
continuing to build on this strong relationship."
"We have been extremely pleased with the service levels we have received
from State Street during our relationship," said Dottie Dotson, CIO of
the West Virginia University Foundation. "State Street's enhanced
alternative analytics capabilities was a key factor in our decision to
reappointment them as our service provider."
State Street Corporation (NYSE: STT) is the world's leading provider of
financial services to institutional investors, including investment
servicing, investment management and investment research and trading.
With $14.0 trillion in assets under custody and $1.7 trillion in assets
under management at September 30, 2008, State Street operates in 26
countries and more than 100 geographic markets worldwide. For more
information, visit State Street's website at www.statestreet.com.
Source: State Street Corporation
Contact: State Street Corporation
Carolyn Cichon, + 1 617-664-8672