TORONTO & VANCOUVER--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT) and Canadian Western Trust Company
(CWT) today announced that State Street has been appointed to provide
custodial services for the Corporate and Group Services division of CWT,
a wholly-owned subsidiary of Canadian Western Bank (TSX: CWB).
"With their proven track record and reputation as the world's leading
provider of financial services to institutional investors, State Street
was the clear choice to provide additional investment solutions to help
us grow our business," said Scott Scobie, general manager of CWT. "With
State Street's global presence, our clients will now have additional
access to markets outside of North America."
CWT has been offering retirement, trustee and custodial solutions to
financial advisors, corporations and individuals for more than twenty
years. Established in 1987, CWT currently administers over CAD $4
billion in assets. CWT's reputation for flexibility and responsiveness
are points of pride.
"We are delighted to have been selected by Canadian Western Trust for
their custodial needs," said Ron Robertson, senior vice president and
managing director of State Street's investment servicing business in
Canada. "This mandate reflects our commitment to providing Canadian
trust companies with dedicated solutions and to helping position our
customers for long-term growth in a volatile market environment."
State Street has provided solutions to Canada's financial services
community for more than twenty years. With more than 1,200 employees in
Toronto, Montreal and Vancouver, State Street provides a broad array of
services to many of Canada's leading institutional investors.
About Canadian Western Trust
Based in Vancouver, British Columbia, Canadian Western Trust Company
(CWT) is a wholly owned subsidiary of Canadian Western Bank. CWT offers
self-directed registered accounts and investment account services to
independent financial advisors, mortgage brokers and individuals. CWT
also provides corporate and group services to corporations that offer
employee retirement and pension plans. For more information refer to www.cwt.ca.
About State Street
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 $12 trillion in assets under custody and $1.4 trillion in assets
under management at December 31, 2008, State Street operates in 27
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
Marie McGehee, 617-664-1898
or
Canadian Western Bank Group
Kirby Hill, 780-441-3770