Canadian mandate goes to State Street
05 November 2010 Toronto
Image: Shutterstock
State Street Corporation, has been appointed by the Workplace Safety and Insurance Board of Ontario (WSIB) to provide a full range of investment services for its Pension Fund, Loss of Retirement Income Fund and Insurance Fund totaling CAD$15 billion in assets.
The Workplace Safety and Insurance Board administers Ontario鈥檚 no-fault workplace insurance plan for workers and employers and oversees the province鈥檚 workplace safety education and training system. State Street will provide custody, accounting, securities lending and investment analytics services across the three funds.
鈥淲e are very pleased to be appointed by WSIB for this new mandate,鈥� said Ronald Robertson, senior vice president and managing director of State Street鈥檚 investment servicing business in Canada. 鈥淭his mandate exemplifies our commitment to providing Canadian investment managers with a high level of client service, local expertise and the global scale to help meet their investment objectives.鈥�
The Workplace Safety and Insurance Board administers Ontario鈥檚 no-fault workplace insurance plan for workers and employers and oversees the province鈥檚 workplace safety education and training system. State Street will provide custody, accounting, securities lending and investment analytics services across the three funds.
鈥淲e are very pleased to be appointed by WSIB for this new mandate,鈥� said Ronald Robertson, senior vice president and managing director of State Street鈥檚 investment servicing business in Canada. 鈥淭his mandate exemplifies our commitment to providing Canadian investment managers with a high level of client service, local expertise and the global scale to help meet their investment objectives.鈥�
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