State Street has announced its appointment by Stichting Pensioenfonds SABIC Innovative Plastics to service €700 million in pension fund assets.
State Street will expand its existing relationship with the Dutch pension fund to include custody, accounting, monthly performance measurement and currency overlay services in addition to the investment analytics services it has been providing for 20 years.
“State Street was able to support our pension assets with a wide range of comprehensive investment servicing solutions,” said Arthur Smit, managing director of Stichting Pensioenfonds SABIC Innovative Plastics. “When we sought a new partner for these additional services, State Street emerged as the strongest provider.”