State Street takes Mawer mandate

Calgary-based Mawer Investment Management has appointed State Street to be its exclusive provider of custody, fund accounting and administration services for a portfolio of pooled and mutual funds worth C$22 billion.

Said Michael Mezei, president of Mawer Investment Management: ““After an extensive review of global service providers, State Street emerged as the best partner for Mawer moving forward. State Street’s expertise in over 100 markets, combined with their sophisticated and integrated platform, will support our growing investment footprint around the world.”

Rob Baillie, head of State Street Canada, added: “In recent years, Mawer has established itself as an industry leader in the Canadian market and our core and evolving capabilities are well-positioned to support Mawer’s growth plans in Canada and abroad. As operating models continue to shift across the industry, State Street’s integrated platform for custody and administration, as well as our continued investment in technology, can help clients like Mawer potentially improve investment returns, manage risk and seize new opportunities.”