The Medical Protection Society Limited (MPS) has appointed State Street Corporation to provide investment management, custody and transition management services for portfolios that total £460 million in assets.
State Street Global Advisors, the asset management arm of State Street, has been appointed to manage a £300 million bond portfolio, and a £160 million enhanced equity portfolio. State Street has been appointed as transition manager for the enhanced mandate and as custodian for the total £460 million in assets.
“State Street has provided us with investment management expertise for more than three years and we’re pleased to now expand on that relationship to include their proven investment servicing expertise,” said Simon Kayll, Finance Director, Medical Protection Society.