Business and Finance Business and Finance
Thu, March 29, 2012

State Street to Provide Investment Servicing to Washington State Investment Board for $80.4 Billion in Assets


Published on 2012-03-29 11:46:21 - Market Wire
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BOSTON--([ ])--State Street Corporation (NYSE: STT), one of the worldas 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.

"Our bundled solution will help increase operational efficiencies and allow WSIB to focus on meeting their growth objectives."

aWe are pleased that WSIB has chosen State Street to help meet the needs of its expanding global portfolio,a said Stephen Nazzaro senior vice president of State Street Global Services. aOur bundled solution will help increase operational efficiencies and allow WSIB to focus on meeting their growth objectives.a

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 Streetas 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.

Contributing Sources