State Street has been appointed by Wellington West Asset Management to provide a fund accounting, fund administration, custody and trustee services for a group of new funds.
Based in Canada and founded in 1993, Wellington West has approximately CAD$8.8 billion in assets under administration.
In selecting a fund service provider, we looked for a technology leader with a demonstrated record of service excellence, said Kish Kapoor, president of Wellington West Holdings, Inc. State Street has established a strong presence and track record of success in Canada and was clearly the top choice to meet our needs.
We are very pleased to be appointed by Wellington West for this new mandate, said Kevin Drynan, senior vice president of State Street in Canada. As our servicing business in Canada continues to expand, we are focused on being a strong partner in helping our customers like Wellington West achieve their growth targets.
Wellington West was another key strategic business win for IFDS and we are excited about our long term partnership,” says Debralee Goldberg, president and CEO of IFDS (Canada) Ltd. “We look forward to providing our market-leading range of services to an organization with such significant scale.