Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. State Street new custodian of WSIB
Latest news
State Street new custodian of WSIB
30 March 2012 Boston
Reporter: Georgina Lavers

Image: Shutterstock
State Street Corporation will provide a range of investment services to Washington State Investment Board (WSIB), including custody, daily investment and compliance reporting, securities lending, securities valuation and settlement.

“We are pleased that WSIB has chosen State Street to help meet the needs of its expanding global portfolio,” said Stephen Nazzaro, senior vice president of State Street global services. “Our bundled solution will help increase operational efficiencies and allow WSIB to focus on meeting their growth objectives.”

WSIB is headquartered in Olympia, Washington and manages investment portfolios for 17 separate state retirement plans and 22 other public and trust funds that support or benefit industrial insurance, colleges and universities, developmental disabilities, and wildlife protection.

WSIB has approximately $80.4 billion in assets under management as of 31 December 2011.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today