UK - The BP pension trustees have reappointed State Street to provide custody and related services for the £14bn (US$27.7bn) fund.
State Street will provide custody, accounting, securities lending and performance measurement services for the BP Pension Fund from its offices in Edinburgh and London.
Sally Bridgeland, chief executive officer at BP Pension Trustees, said: "We have enjoyed a long-standing, successful relationship with State Street and look forward to building on this partnership."
Michael Walsh, senior vice president and managing director of State Street's investment servicing business in the United Kingdom, Middle East and Africa, added: "After more than two decades of working together, we look forward to extending our very productive partnership."
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