State Street to Provide Investment Servicing to Washington State Investment Board for $80.4 Billion in Assets
March 29 2012 - 2:37PM
Business Wire
State Street Corporation (NYSE: STT), one of the world’s leading
providers of financial services to institutional investors,
announced today that it will provide a range of investment services
to Washington State Investment Board (WSIB), including custody,
daily investment and compliance reporting, securities lending,
securities valuation and settlement.
“We are pleased that WSIB has chosen State Street to help meet
the needs of its expanding global portfolio,” said Stephen Nazzaro
senior vice president of State Street Global Services. “Our bundled
solution will help increase operational efficiencies and allow WSIB
to focus on meeting their growth objectives.”
WSIB is headquartered in Olympia, Washington and manages
investment portfolios for 17 separate state retirement plans and 22
other public and trust funds that support or benefit industrial
insurance, colleges and universities, developmental disabilities,
and wildlife protection. WSIB has approximately $80.4 billion in
assets under management as of December 31, 2011.
About State Street Corporation
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 $21.8 trillion in assets
under custody and administration and $1.9 trillion* in assets under
management at December 31, 2011, State Street operates in 29
countries and more than 100 geographic markets. For more
information, visit State Street’s web site at
www.statestreet.com.
*This AUM includes the assets of the SPDR Gold Trust (approx.
$63 billion as of December 31, 2011), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors serves
as the marketing agent.
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