State Street Corporation has been appointed by the McCain Foods Limited Canadian pension plans to provide custody, accounting, benefit payments, and investment analytics. The McCain Foods Limited Canadian pension plans currently administer more than CAD300 million in assets.
State Street has a longstanding reputation as a premier provider of investment servicing solutions, said David OBrien, Vice President & Group Treasurer and the officer responsible for McCains global pension function. The advanced technology and superior customer service and analytics capabilities provided by State Street will introduce significant efficiencies to our benefits servicing program.
We are very pleased that the McCain Foods Canadian pension plans selected State Street for its investment servicing needs, said Ron Robertson, senior vice president and managing director of State Streets investment servicing business in Canada. This new mandate reflects our commitment to providing a wide range of investment services that are customized to the unique needs of each customer.