State Street has been awarded a mandate by First State Investment. State Street will offer custody and fund administration services for First State Investments’ £11 billion in assets. State Street will provide custody and fund pricing, accounting and financial reporting for First State’s U.K.-domiciled fund business, Investment Company with Variable Capital (ICVC). ICVC comprises 16 sub-funds. First State Investments is part of Colonial First State Global Asset Management, the asset management unit of the Commonwealth Bank of Australia.

Click here for the release from State Street.