State Street Corporation, the provider of financial services to institutional investors, has been appointed by the Saskatchewan Teachers Federation to provide a range of investment services for CAD$2.2 billion in pension and group benefit fund assets. State Street will provide custody, fund accounting, and securities lending services to the Federation.
State Streets proven track record of delivering superior service with advanced technology was the critical factor in our decision, says Gwen Dueck, general secretary of the Saskatchewan Teachers Federation. Efficient, cost-effective servicing is vital to the operations of our pension, disability, and health benefit funds, and we look forward to a long and productive relationship with State Street.
We are delighted to be awarded this mandate by the Saskatchewan Teachers Federation, says Kevin Drynan, president of State Street Trust Company Canada. This appointment reflects our long-standing commitment to delivering state-of-the-art technology and superior service to our public funds customers.
D.C.