State Street gets currency swaps mandate
24 September 2015 Toronto
Image: Shutterstock
State Street has been named as the collateral manager and custodian for the Department of Finance Canada鈥檚 currency swap programme.
State Street currently boasts $1 trillion in assets under custody and the bank has grown by 65 percent in the past five years.
鈥淲e are very pleased to be selected by the Department of Finance and the Bank of Canada to support their middle-office needs," said Rob Baillie, senior vice president and head of State Street Canada.
鈥淲e are dedicated to providing our clients specialised solutions to help them manage their portfolio and regulatory risk. The decision to partner with us is a testament to confidence in State Street鈥檚 ability to provide a fully integrated collateral management and custody solution.鈥�
State Street currently boasts $1 trillion in assets under custody and the bank has grown by 65 percent in the past five years.
鈥淲e are very pleased to be selected by the Department of Finance and the Bank of Canada to support their middle-office needs," said Rob Baillie, senior vice president and head of State Street Canada.
鈥淲e are dedicated to providing our clients specialised solutions to help them manage their portfolio and regulatory risk. The decision to partner with us is a testament to confidence in State Street鈥檚 ability to provide a fully integrated collateral management and custody solution.鈥�
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