State Street to Service $22 Billion in Assets for Mawer Investment Management
July 28 2015 - 2:30PM
Business Wire
State Street Corporation (NYSE: STT) today announced that it has
been appointed by Calgary-based Mawer Investment Management Ltd.,
to be the exclusive provider of custody, fund accounting and
administration services for their portfolio of pooled and mutual
funds worth $22 billion in assets under management.
“After an extensive review of global service providers, State
Street emerged as the best partner for Mawer moving forward,” said
Michael Mezei, President of Mawer Investment Management Ltd. “State
Street’s expertise in over 100 markets, combined with their
sophisticated and integrated platform, will support our growing
investment footprint around the world.”
“We are very pleased to be selected by Mawer Investment
Management,” said Rob Baillie, head of State Street Canada. “In
recent years, Mawer has established itself as an industry leader in
the Canadian market and our core and evolving capabilities are
well-positioned to support Mawer’s growth plans in Canada and
abroad. As operating models continue to shift across the industry,
State Street’s integrated platform for custody and administration,
as well as our continued investment in technology, can help clients
like Mawer potentially improve investment returns, manage risk and
seize new opportunities.”
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading provider of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $28.7 trillion in assets
under custody and administration and $2.4 trillion* in assets under
management as of June 30, 2015, State Street operates in more than
100 geographic markets worldwide, including the US, Canada, Europe,
the Middle East and Asia. For more information, visit State
Street’s web site at www.statestreet.com.
About Mawer Investment Management Ltd.
Mawer Investment Management Ltd. is an independent investment
firm managing portfolios for a broad range of foundations and
not-for-profit organizations, pension plans, strategic alliances
and individual investors for over 40 years. The firm manages in
excess of $30 billion across all major investment strategies. Visit
Mawer at www.mawer.com.
* Assets under management include approximately $26.7 billion as
of June 30, 2015, for which State Street Global Markets, LLC, an
affiliate of SSGA, serves as the distribution agent.
CORP-1496
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150728006603/en/
State Street CorporationAnne McNally,
+1-617-664-8576aemcnally@statestreet.com@StateStreet
State Street (NYSE:STT)
Historical Stock Chart
From Mar 2024 to Apr 2024
State Street (NYSE:STT)
Historical Stock Chart
From Apr 2023 to Apr 2024