British Airways Pension Trustees Retain State Street to Provide Investment Services for £14 Billion in Assets
March 09 2010 - 12:35PM
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.
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