State Street has been selected to provide a range of investment services for $80.4 billion in assets for the Washington State Investment Board (WSIB). The services it will provide include custody, daily investment and compliance reporting, securities lending, securities valuation and settlement.
We are pleased that WSIB has chosen State Street to help meet the needs of its expanding global portfolio, says Stephen Nazzaro, senior vice president of State Street Global Services. Our bundled solution will help increase operational efficiencies and allow WSIB to focus on meeting their growth objectives.
WSIB, headquartered in Olympia, Washington, manages investment portfolios for 17 state retirement plans and 22 public and trust funds that support or benefit industrial insurance, colleges and universities, developmental disabilities and wildlife protection.
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