State Street has been appointed by Wellington West Asset Management to provide a range of investment services.
State Street will provide fund accounting, fund administration, custody and trustee services for a group of new funds being launched by Wellington West.
Founded in 1993, Wellington West has become one of the largest and fastest-growing independent full-service wealth management firms in Canada with approximately CAD8.8bn in assets under administration.
“In selecting a fund service provider, we looked for a technology leader with a demonstrated record of service excellence,” says Kish Kapoor, president of Wellington West Holdings. “State Street has established a strong presence and track record of success in Canada and was clearly the top choice to meet our needs.”
“We are very pleased to be appointed by Wellington West for this new mandate,” adds Kevin Drynan, senior vice president of State Street in Canada. “As our servicing business in Canada continues to expand, we are focused on being a strong partner in helping our customers like Wellington West achieve their growth targets.”