State Street to Provide Collateral Management for the Department of Finance Canada
September 24 2015 - 9:57AM
Business Wire
State Street Corporation (NYSE: STT) today announced that it has
been selected by the Department of Finance Canada to act as
collateral manager and custodian for the Government of Canada’s
currency swap program.
“We are very pleased to be selected by the Department of Finance
and the Bank of Canada to support their middle office needs," said
Rob Baillie, senior vice president and head of State Street Canada.
“We are dedicated to providing our clients specialized solutions to
help them manage their portfolio and regulatory risk. The decision
to partner with us is a testament to confidence in State Street’s
ability to provide a fully integrated collateral management and
custody solution.”
This year State Street celebrated 25 years in Canada. With more
than 1,300 employees and more than $1 trillion in assets under
custody1, State Street has grown by 65 percent in Canada over the
last five years. The corporation was also recently recognized as
one of Toronto’s Top 100 Employers by the editors of Canada's Top
100 Employers for its flexible and alternative work arrangements,
diversity programs and green initiatives.
About State Street Corporation
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.
* This AUM includes assets (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-1603
1 As of June 30, 2015
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version on businesswire.com: http://www.businesswire.com/news/home/20150924005865/en/
State Street CorporationJulie Kane,
+1-617-664-3001JEKane@statestreet.com
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