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State Street Appointed by Workplace Safety and Insurance Board to Provide Investment Services for CAD$15 Billion in Assets

^{Published on 2010-11-05 05:05:51 - Market Wire}
 

BOSTON & TORONTO--([ 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 Workplace Safety and Insurance Board of Ontario (WSIB) to provide a full range of investment services for its Pension Fund, Loss of Retirement Income Fund and Insurance Fund totaling CAD$15 billion in assets.

"We are very pleased to be appointed by WSIB for this new mandate"

The Workplace Safety and Insurance Board administers Ontarioa™s no-fault workplace insurance plan for workers and employers and oversees the provincea™s workplace safety education and training system. State Street will provide custody, accounting, securities lending and investment analytics services across the three funds.

aWe are very pleased to be appointed by WSIB for this new mandate,a said Ronald Robertson, senior vice president and managing director of State Streeta™s investment servicing business in Canada. aThis mandate exemplifies our commitment to providing Canadian investment managers with a high level of client service, local expertise and the global scale to help meet their investment objectives.a

State Street has provided investment servicing and management solutions to Canadaa™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 Canadaa™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 servicing, investment management and investment research and trading. 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 Streeta™s website at [ www.statestreet.com ].