State Street Appointed to Service $2.2 Billion in Assets for Saskatchewan Teachers’ Federation
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 Saskatchewan Teachers’
Federation to provide a range of investment services for CAD$2.2 billion
in pension and group benefit fund assets. State Street will provide
custody, fund accounting, and securities lending services to the
Federation.
“State Street’s proven track record of delivering superior service with
advanced technology was the critical factor in our decision,” said Gwen
Dueck, general secretary of the Saskatchewan Teachers’ Federation.
“Efficient, cost-effective servicing is vital to the operations of our
pension, disability, and health benefit funds, and we look forward to a
long and productive relationship with State Street.”
State Street is a leading provider of investment services to public
funds and provides services to the 10 largest pension plans in Canada.
“We are delighted to be awarded this mandate by the Saskatchewan
Teachers’ Federation,” said Kevin Drynan, president of State Street
Trust Company Canada. “This appointment reflects our long-standing
commitment to delivering state-of-the-art technology and superior
service to our public funds customers.”
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 the Saskatchewan Teachers’ Federation
The Saskatchewan Teachers’ Federation (STF) is the professional
organization representing over 12,000 elementary and secondary school
teachers in publicly funded schools in Saskatchewan.
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 $17.9 trillion in assets under custody and administration
and $1.7 trillion in assets under management at September 30, 2009,
State Street operates in 27 countries and more than 100 geographic
markets worldwide. For more information, visit State Street’s web site
at www.statestreet.com.
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