State Street Wins Lending Agency Mandate

State Street was selected by REST Industry Super as its new global securities lending agent, Financial Standard reports. As the lending agent, State Street will provide a securities lending program for the global bond and equity investments of REST.

Earlier in January 2011, State Street signed a long-term superannuation servicing agreement with REST to offer custody, fund accounting and complex tax services. REST is an Australian industry superannuation fund that has over $20 billion in funds under management.

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