Canada’s Department of Finance has selected State Street to act as collateral manager and custodian for the Government of Canada’s currency swaps programme.
“We are very pleased to be selected by the Department of Finance and the Bank of Canada to support their middle office needs,” says Rob Baillie, senior vice president and head of State Street Canada. “We are dedicated to providing our clients specialized solutions to help them manage their portfolio and regulatory risk.”
In the last five years, State Street has grown by 65% taking its assets under custody to over $1 trillion.
In Canada it was most recently appointed custodian by Mawer Investment Management, for its mutual funds worth $22 billion.
State Street Selected by Canadian Government for Collateral Management
Canada’s Department of Finance has selected State Street to act as collateral manager and custodian for the Government of Canada’s currency swaps programme.
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