State Street Selected as Primary Fund Administrator Partner in Canada by Fiera Capital
October 16 2017 - 1:30PM
Business Wire
Leading Independent Global Asset Manager Consolidates Service
Providers in Expanded Relationship with State Street
State Street Corporation (NYSE:STT) today announced that it will
act as the primary fund administration provider for the Canadian
division of Fiera Capital Corporation (TSX: FSZ), a leading
independent investment management firm. The decision reflects an
expanded relationship with State Street and International Financial
Data Services (IFDS), a joint venture of State Street and DST
Systems Inc., including fund administration and transfer agency
services which will be provided for Fiera Capital’s Canadian mutual
and pooled funds. State Street has provided a number of investment
servicing solutions in Canada to Fiera Capital since 2009.
“We are pleased to expand our relationship with Fiera Capital,”
said Rob Baillie, head of State Street Canada. “By providing an
end-to-end solution driven by our people, technology and overall
commitment to the asset servicing sector, we’re providing a one
stop shop for our clients. While the investment environment
continues to become more complex, we are focused on simplifying our
clients’ operations and supporting their growth strategies to help
them be more efficient and effective.”
“State Street’s superior technology and commitment to servicing
the asset management sector became clear differentiators during our
extensive review of service providers,” said Jean-Philippe Lemay,
president, chief operating officer and chief investment officer of
Fiera Capital’s Canadian division. “State Street is well positioned
to support Fiera Capital’s growth in both traditional and
alternative investment strategies and we are very excited to be
expanding our relationship with them.”
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 $31.0 trillion in assets under custody and
administration and $2.61 trillion* in assets under management as of
June 30, 2017, 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 website
at http://www.statestreet.com.
* AUM reflects approx. $34 billion (as of June 30, 2017)
with respect to which State Street Global Advisors Funds
Distributors, LLC serves as marketing agent; SSGA FD and State
Street Global Advisors are affiliated.
CORP-3300
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State Street CorporationJulie Kane, +1
617-664-3001JEKane@statestreet.com@StateStreet
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