State Street Corporation has been appointed by CIG Trustees Limited (CIGT) to provide custody services for its asset portfolio.
State Street will provide custody services for CIGT from its operations centre in Hong Kong, including safekeeping of assets, settlements, corporate actions, income collection and tax reclaims.
CIGT is an indirect associate of China Insurance (Holdings) Company Limited (CIHC). The principal activity of CIGT is the provision of trust services to CIHC and its subsidiaries. CIHC is a state-owned insurance company operating life and non-life insurance businesses in China and overseas markets.
The custody services State Street offered us were central to our trusts management. We are pleased to appoint State Street as our custodian and confident that we can form a strong partnership in the months and years ahead, said an executive from CIGT.
L.D.