State Street to service Synod 17 December 2010Ontario Reporter: Ben Wilkie
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State Street Corporation has been appointed by the General Synod Pension Plan of the Anglican Church of Canada to provide custody, fund accounting, securities lending and foreign exchange services for CAD $600 million in assets.
The General Synod Pension Plan of the Anglican Church of Canada is a multi-employer Pension Plan registered with the province of Ontario and has been in existence since 1946. The General Synod Pension Plan of The Anglican Church of Canada provides pension benefits to clergy and lay employees of the Anglican Church of Canada and related organisations.
“After a competitive evaluation process, we chose State Street based on its reputation for client service as well as its infrastructure and reporting capabilities,” said Judy Robinson, executive director of the Pension Office Corporation of the Anglican Church of Canada. “State Street’s local presence and global expertise made it a logical choice for our needs.”
“We are very pleased to be appointed by the Anglican Church of Canada for this new mandate,” said Ronald Robertson, senior vice president and managing director of State Street Trust Company Canada. “This win exemplifies our commitment to providing Canadian institutional investors with a high level of client service and to investing in the technology and infrastructure to support their changing needs.”
State Street has provided investment servicing and management solutions to Canada’s financial services community for more than twenty years. With more than 1,200 employees in Toronto, Montreal and Vancouver, State Street provides a broad array of services to many of Canada’s leading institutional investors.
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