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State Street Corporation (NYSE: STT) one of the worlds leading providers of financial services to institutional investors, announced today that it has been appointed to provide custody and fund administration services to First State Investments for 11 billion in assets. Under the terms of the five-year contract, State Street will provide custody and fund pricing, accounting and financial reporting for First State Investments UK-domiciled Investment Company with Variable Capital (ICVC), which has 16 sub-funds. First State Investments forms part of Colonial First State Global Asset Management, the asset management division of the Commonwealth Bank of Australia. Gary Withers, Regional Managing Director for EMEA at First State Investments, commented, After a full...
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