British Airways Pension Trustees Retain State Street to Provide Investment Services for£14 Billion in Assets

Printer-friendly versionPDF version

London — 9 March 2010 —State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, announced today that it has been retained by the British Airways Pension Trustees to service its £14 billion UK pension fund.

State Street will provide British Airways with custody, accounting, performance measurement, securities lending, trade matching and cash management. State Street has provided a range of investment services to British Airways since 1997.

State Street provides investment management and investment servicing for more than $4.8 trillion in pension assets, including 10 of the world’s 20 largest pension funds.

“As global retirement systems grow more complex, State Street is uniquely positioned to stay ahead of the changes taking place and to develop servicing solutions for our customers,” said Steve Smit, executive vice president and head of State Street’s Global Services business in the United Kingdom, Middle East and Africa.  “We are delighted to continue our relationship with British Airways.” 

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $18.8 trillion in assets under custody and administration and $1.9 trillion in assets under management at December 31, 2009, State Street operates in 25 countries and more than 100 geographic markets worldwide.  For more information, visit State Street’s web site atwww.statestreet.com.

Back to Press Releases

News Source : British Airways Pension Trustees Retain State Street to Provide Investment Services for£14 Billion in Assets