State Street to Service $22 Billion in Assets for Mawer Investment Management

State Street Corporation (NYSE: STT) today announced that it has been appointed by Calgary-based Mawer Investment Management Ltd., to be the exclusive provider of custody, fund accounting and administration services for their portfolio of pooled and mutual funds worth $22 billion in assets under management.

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

“We are very pleased to be selected by Mawer Investment Management,” said Rob Baillie, head of State Street Canada. “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.”

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28.7 trillion in assets under custody and administration and $2.4 trillion* in assets under management as of June 30, 2015, 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 web site at www.statestreet.com.

About Mawer Investment Management Ltd.

Mawer Investment Management Ltd. is an independent investment firm managing portfolios for a broad range of foundations and not-for-profit organizations, pension plans, strategic alliances and individual investors for over 40 years. The firm manages in excess of $30 billion across all major investment strategies. Visit Mawer at www.mawer.com.

* Assets under management include approximately $26.7 billion as of June 30, 2015, for which State Street Global Markets, LLC, an affiliate of SSGA, serves as the distribution agent.

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State Street CorporationAnne McNally, [e-mail]@StateStreet