State Street Appointed by the General Synod Pension Plan of the Anglican Church of Canada to Provide Custody Services for CAD...
December 16 2010 - 12:00PM
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 General Synod
Pension Plan of the Anglican Church of Canada to provide custody,
fund accounting, securities lending and foreign exchange services
for CAD $600 million in assets.
The General Synod Pension Plan of the Anglican Church of Canada
is a multi-employer Pension Plan registered with the province of
Ontario and has been in existence since 1946. The General Synod
Pension Plan of The Anglican Church of Canada provides pension
benefits to clergy and lay employees of the Anglican Church of
Canada and related organizations.
“After a competitive evaluation process, we chose State Street
based on its reputation for client service as well as its
infrastructure and reporting capabilities,” said Judy Robinson,
executive director of the Pension Office Corporation of the
Anglican Church of Canada. “State Street’s local presence and
global expertise made it a logical choice for our needs.”
“We are very pleased to be appointed by the Anglican Church of
Canada for this new mandate,” said Ronald Robertson, senior vice
president and managing director of State Street Trust Company
Canada. “This win exemplifies our commitment to providing Canadian
institutional investors with a high level of client service and to
investing in the technology and infrastructure to support their
changing needs.”
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 management, investment research and trading
and investment servicing. 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.
About the Pension Office Corporation
The Pension Office Corporation administers the General Synod
Pension Plan, the Lay Retirement Plan, the Long Term Disability
Plan, the Self-Insured Death Benefit Plan, Employee Benefits Plan
and the Continuing Education Plan for employees of the Anglican
Church of Canada and its related employers.
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