State Street Corporation, the provider of financial services to institutional investors, announced has been retained by the British Airways Pension Trustees to service its 14 billion UK pension fund.
State Street will provide British Airways with custody, accounting, performance measurement, securities lending, trade matching and cash management. State Street has provided a range of investment services to British Airways since 1997.
State Street provides investment management and investment servicing for more than $4.8 trillion in pension assets, including 10 of the worlds 20 largest pension funds.
As global retirement systems grow more complex, State Street is uniquely positioned to stay ahead of the changes taking place and to develop servicing solutions for our customers, says Steve Smit, executive vice president and head of State Streets Global Services business in the United Kingdom, Middle East and Africa. We are delighted to continue our relationship with British Airways.
D.C.