Canadian Teachers Group Gives State Street $2.2B Mandate

November 2, 2009 ( - State Street has been hired by the Saskatchewan Teachers' Federation to service $2.2 billion (Canadian) in pension and group benefit fund assets.

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.