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State Street to service CAD2.2bn for Saskatchewan Teachers’ Federation

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State Street has been appointed by the Saskatchewan Teachers’ Federation to provide a range of investment services for CAD2.2bn in pension and group benefit fund assets.

State Street will provide custody, fund accounting, and securities lending services to the federation.

"State Street’s proven track record of delivering superior service with advanced technology was the critical factor in our decision," says Gwen Dueck, general secretary of the Saskatchewan Teachers’ Federation. "Efficient, cost-effective servicing is vital to the operations of our pension, disability, and health benefit funds, and we look forward to a long and productive relationship with State Street."

State Street is a provider of investment services to public funds and provides services to the ten largest pension plans in Canada.

"We are delighted to be awarded this mandate by the Saskatchewan Teachers’ Federation," says Kevin Drynan, president of State Street Trust Company Canada. "This appointment reflects our long-standing commitment to delivering state-of-the-art technology and superior service to our public funds customers."

The Saskatchewan Teachers’ Federation is a professional organisation representing over 12,000 elementary and secondary school teachers in publicly funded schools in Saskatchewan.

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