State Street Selected as Primary Fund Administrator Partner in Canada by Fiera Capital

State Street Corporation (NYSE:STT) today announced that it will act as the primary fund administration provider for the Canadian division of Fiera Capital Corporation (TSX: FSZ), a leading independent investment management firm. The decision reflects an expanded relationship with State Street and International Financial Data Services (IFDS), a joint venture of State Street and DST Systems Inc., including fund administration and transfer agency services which will be provided for Fiera Capital’s Canadian mutual and pooled funds. State Street has provided a number of investment servicing solutions in Canada to Fiera Capital since 2009.

“We are pleased to expand our relationship with Fiera Capital,” said Rob Baillie, head of State Street Canada. “By providing an end-to-end solution driven by our people, technology and overall commitment to the asset servicing sector, we’re providing a one stop shop for our clients. While the investment environment continues to become more complex, we are focused on simplifying our clients’ operations and supporting their growth strategies to help them be more efficient and effective.” 

“State Street’s superior technology and commitment to servicing the asset management sector became clear differentiators during our extensive review of service providers,” said Jean-Philippe Lemay, president, chief operating officer and chief investment officer of Fiera Capital’s Canadian division. “State Street is well positioned to support Fiera Capital’s growth in both traditional and alternative investment strategies and we are very excited to be expanding our relationship with them.”

About State Street Corporation 
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $31.0 trillion in assets under custody and administration and $2.61 trillion* in assets under management as of June 30, 2017, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at http://www.statestreet.com.

* AUM reflects approx. $34 billion (as of June 30, 2017) with respect to which State Street Global Advisors Funds Distributors, LLC serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

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