Products November 2, 2009
Canadian Teachers Group Gives State Street $2.2B Mandate
November 2, 2009 (PLANSPONSOR.com) - State Street
has been hired by the Saskatchewan Teachers' Federation to
service $2.2 billion (Canadian) in pension and group benefit
fund assets.
Reported by Fred Schneyer
According to an announcement, State Street will provide custody, fund accounting, and securities lending services.
The Boston-based company said it provides services to the 10 largest pension plans in Canada and has more than 1,200 employees in Toronto, Montreal, and Vancouver.
The Saskatchewan Teachers’ Federation (STF) represents more than 12,000 elementary and secondary school teachers in publicly funded schools in Saskatchewan.