UK - The Medical Protection Society Pension fund has appointed State Street Global Advisors (SSgA) to provide custody and transition management services for portfolios worth £460m.
The asset manager had been investment management services for the fund and has been reappointed to manage a £300m bond portfolio and a £160m enhanced equity portfolio.
“State Street has provided us with investment management expertise for more than three years and we’re pleased to now expand on that relationship to include their proven investment servicing expertise,” said Simon Kayll, finance director, Medical Protection Society.
Kanesh Lakhani, head of European marketing and consultant relations at SSgA added: “We are delighted to receive this vote of confidence from MPS based on our track record to date. It is a further testament to our ability to meet the diverse and complex needs of our clients.”
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