State Street appointed custodian for Cayman Islands Chamber of Commerce Pension Plan
State Street has been appointed by the Cayman Islands Chamber of Commerce Pension Plan to provide custody services to its USD270m plan.
“Global financial events that have occurred in the past several years have highlighted the importance of having financial partners with strong controls and a solid risk rating,” says William Fleury (pictured), general manager and chief operating officer, Cayman Islands Chamber of Commerce Pension Plan. “The Chamber Plan is delighted to partner with State Street whose leading technology, expertise in custody, and local and global footprint were also strong factors in their selection.”
Rich Anton, senior vice president in State Street’s alternative investment solutions team and head of the Cayman solutions team, says: “Institutional investors, including pension plans, continue to seek greater depth of services, transparency and operational efficiency. We have a long history and commitment to the Cayman Islands and work collaboratively with our clients to identify opportunities where we can help them to best achieve their investment goals. We look forward to developing a long-term partnership with Cayman Islands Chamber of Commerce Pension Plan and supporting their growth.”
State Street provides a range of investment servicing solutions such as custody, fund accounting, performance and analytics and client reporting to a broad array of institutional investors.
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