TORONTO--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT) today announced that it has been
appointed by Calgary-based Mawer Investment Management Ltd., to be the
exclusive provider of custody, fund accounting and administration
services for their portfolio of pooled and mutual funds worth $22
billion in assets under management.
“After an extensive review of global service providers, State Street
emerged as the best partner for Mawer moving forward,” said Michael
Mezei, President of Mawer Investment Management Ltd. “State Street’s
expertise in over 100 markets, combined with their sophisticated and
integrated platform, will support our growing investment footprint
around the world.”
“We are very pleased to be selected by Mawer Investment Management,”
said Rob Baillie, head of State Street Canada. “In recent years, Mawer
has established itself as an industry leader in the Canadian market and
our core and evolving capabilities are well-positioned to support
Mawer’s growth plans in Canada and abroad. As operating models continue
to shift across the industry, State Street’s integrated platform for
custody and administration, as well as our continued investment in
technology, can help clients like Mawer potentially improveinvestment
returns, manage risk and seize new opportunities.”
About State Street
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.
About Mawer Investment Management Ltd.
Mawer Investment Management Ltd. is an independent investment firm
managing portfolios for a broad range of foundations and not-for-profit
organizations, pension plans, strategic alliances and individual
investors for over 40 years. The firm manages in excess of $30 billion
across all major investment strategies. Visit Mawer at www.mawer.com.
* Assets under management include 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-1496
View source version on businesswire.com: http://www.businesswire.com/news/home/20150728006603/en/
State Street Corporation
Anne McNally, +1-617-664-8576
aemcnally@statestreet.com
@StateStreet
Source: State Street Corporation