State Street Corporation and Canadian Western Trust Company (CWT) have announced that State Street has been appointed to provide custodial services for the Corporate and Group Services division of CWT, a wholly-owned subsidiary of Canadian Western Bank (TSX: CWB).
With their proven track record and reputation as the worlds leading provider of financial services to institutional investors, State Street was the clear choice to provide additional investment solutions to help us grow our business, said Scott Scobie, general manager of CWT. With State Streets global presence, our clients will now have additional access to markets outside of North America.
CWT has been offering retirement, trustee and custodial solutions to financial advisors, corporations and individuals for more than twenty years. Established in 1987, CWT currently administers over CAD $4 billion in assets. CWTs reputation for flexibility and responsiveness are points of pride.
We are delighted to have been selected by Canadian Western Trust for their custodial needs, said Ron Robertson, senior vice president and managing director of State Streets investment servicing business in Canada. This mandate reflects our commitment to providing Canadian trust companies with dedicated solutions and to helping position our customers for long-term growth in a volatile market environment.
State Street has provided solutions to Canadas financial services community for more than twenty years. With more than 1,200 employees in Toronto, Montreal and Vancouver, State Street provides a broad array of services to many of Canadas leading institutional investors.