TORONTO--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT) today announced that it has been
selected by the Department of Finance Canada to act as collateral
manager and custodian for the Government of Canada’s currency swap
program.
“We are very pleased to be selected by the Department of Finance and the
Bank of Canada to support their middle office needs," said Rob Baillie,
senior vice president and head of State Street Canada. “We are dedicated
to providing our clients specialized solutions to help them manage their
portfolio and regulatory risk. The decision to partner with us is a
testament to confidence in State Street’s ability to provide a fully
integrated collateral management and custody solution.”
This year State Street celebrated 25 years in Canada. With more than
1,300 employees and more than $1 trillion in assets under custody1,
State Street has grown by 65 percent in Canada over the last five years.
The corporation was also recently recognized as one of Toronto’s Top 100
Employers by the editors of Canada's Top 100 Employers for its flexible
and alternative work arrangements, diversity programs and green
initiatives.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading
provider of financial services to institutional investors including
investment servicing, investment management and investment research and
trading. With $28.7 trillion in assets under custody and administration
and $2.4 trillion* in assets under management as of June 30, 2015, State
Street operates in more than 100 geographic markets worldwide, including
the US, Canada, Europe, the Middle East and Asia. For more information,
visit State Street’s web site at www.statestreet.com.
* This AUM includes assets (approximately $26.7 billion as of June
30, 2015), for which State Street Global Markets, LLC, an affiliate of
SSgA, serves as the distribution agent.
CORP-1603
1 As of June 30, 2015
View source version on businesswire.com: http://www.businesswire.com/news/home/20150924005865/en/
State Street Corporation
Julie Kane, +1-617-664-3001
JEKane@statestreet.com
Source: State Street Corporation