LONDON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT), one of the world's leading
providers of financial services to institutional investors, announced
today that it has been retained by the British Airways Pension Trustees
to service its 14 billion UK pension fund.
State Street will provide British Airways with custody, accounting,
performance measurement, securities lending, trade matching and cash
management. State Street has provided a range of investment services to
British Airways since 1997.
State Street provides investment management and investment servicing for
more than $4.8 trillion in pension assets, including 10 of the world's
20 largest pension funds.
"As global retirement systems grow more complex, State Street is
uniquely positioned to stay ahead of the changes taking place and to
develop servicing solutions for our customers," said Steve Smit,
executive vice president and head of State Street's Global Services
business in the United Kingdom, Middle East and Africa. "We are
delighted to continue our relationship with British Airways."
State Street Corporation (NYSE: STT) is one of the world's leading
providers of financial services to institutional investors including
investment servicing, investment management and investment research and
trading. With $18.8 trillion in assets under custody and administration
and $1.9 trillion in assets under management at December 31, 2009, State
Street operates in 25 countries and more than 100 geographic markets
worldwide. For more information, visit State Street's web site at www.statestreet.com.
Source: State Street Corporation
Contact: State Street Corporation
Carolyn Cichon, + 1 617-664-8672