State Street Corporation (NYSE:STT), one of the world's leading providers of financial services to institutional investors, announced today that AU$18 billion Australian superannuation fund Sunsuper has appointed State Street Australia Limited as its custodian.
State Street will provide custody and administration services to Sunsuper including unit pricing, compliance monitoring, performance reporting, alternative asset reporting and tax and accounting services.
The appointment follows Sunsuper's comprehensive review of custodial service providers with the support of Mercer Sentinel, which identified that State Street is best placed to service the fund's requirements.
Ian Martin, senior vice president and head of State Street's Global Markets
State Street will provide custody and administration services to Sunsuper including unit pricing, compliance monitoring, performance reporting, alternative asset reporting and tax and accounting services.
The appointment follows Sunsuper's comprehensive review of custodial service providers with the support of Mercer Sentinel, which identified that State Street is best placed to service the fund's requirements.
Ian Martin, senior vice president and head of State Street's Global Markets
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