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Global Pensions | 19 Oct 2011 | 14:28
Categories: Netherlands
Topics: State street
NETHERLANDS - Dutch pension fund Stichting Pensioenfonds SABIC Innovative Plastics has appointed State Street Corporation to provide custody and other services for its €700m ($970m) in assets.
State Street will provide custody, accounting, monthly performance measurement and currency overlay services. The firm has provided investment analytic services to the fund since 1991.
SABIC managing director Arthur Smit said: "State Street was able to support our pension assets with a wide range of comprehensive investment servicing solutions. When we sought a new partner for these additional services, State Street emerged as the strongest provider."
Categories: Netherlands
Topics: State street
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