BOSTON & TORONTO--(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 appointed by the Workplace Safety and Insurance
Board of Ontario (WSIB) to provide a full range of investment services
for its Pension Fund, Loss of Retirement Income Fund and Insurance Fund
totaling CAD$15 billion in assets.
The Workplace Safety and Insurance Board administers Ontario’s no-fault
workplace insurance plan for workers and employers and oversees the
province’s workplace safety education and training system. State Street
will provide custody, accounting, securities lending and investment
analytics services across the three funds.
“We are very pleased to be appointed by WSIB for this new mandate,” said
Ronald Robertson, senior vice president and managing director of State
Street’s investment servicing business in Canada. “This mandate
exemplifies our commitment to providing Canadian investment managers
with a high level of client service, local expertise and the global
scale to help meet their investment objectives.”
State Street has provided investment servicing and management 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 State Street
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 $20.2 trillion in assets under custody and administration
and $1.9 trillion in assets under management at September 30, 2010,
State Street operates in 25 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
Alicia Curran Sweeney, +1-617-664-3001