British Airways Pension Trustees RetainState
Street to Provide Investment Services for £14
Billion in Assets
March 09, 2010 12:43 PM Eastern Time
LONDON--(EON: Enhanced Online News)--State Street Corporation (NYSE: STT), one of the world's leading
providers of financial services to institutional investors, announced today that it 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
State Street provides investment management and investment servicing for more than $4.8 trillion in pension assets,
including 10 of the world’s 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,” said Steve Smit, executive vice president and
head of State Street’s Global Services business in the United Kingdom, Middle East and Africa. “We are delighted
to continue our relationship with British Airways.”
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 $18.8
trillion in assets under custody and administration and $1.9 trillion in assets under management at December 31,
2009, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more
information, visit State Street’s web site at www.statestreet.com.
State Street Corporation
Carolyn Cichon, + 1 617-664-8672