Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
Deals & People June 28, 2011
Investment Firm Expands Relationship with State Street
Brandes Investment
Partners & Co. (BIPCo) has expanded its investment servicing
relationship with State Street to include its Canadian pooled funds
totaling $1 billion Canadian dollars in assets.
Reported by PLANADVISER staff
State Street will provide custody, accounting, financial reporting and taxation services, securities lending and performance analytics, and will be the trustee and transfer agent for the Canadian pooled funds.
State Street has an extensive relationship with Brandes and provides custody, fund accounting and fund administration services in addition to investment restriction reporting, performance and analytics, securities lending, commission recapture, investment management, transaction cost analysis and fair value pricing for its 14 retail mutual fund products in Canada, as well as for two funds in the United States.
Since establishing its first Canadian office in Toronto in 1990, State Street now has more than 1,200 employees in Toronto, Montreal and Vancouver and provides a broad array of services to many of Canada’s institutional investors.