Sign up for free newsletter


State Street is to provide custody, fund accounting, risk analysis and performance and analytics to Stichting Algemeen Pensioen Fonds Aruba (APFA), the Aruban pension fund designed for public sector workers with approximately USD1bn in assets under management.

“State Street was selected because of its experience in servicing pension funds in a fiduciary management structure. As a former Netherlands Antilles island, it is likely that we will adopt the Dutch regulatory framework for pension funds so it’s in our best interests, as well as our clients, to work with a Dutch client service team who understands our challenges,” says Mark Bakker, chief investment officer and board member of APFA.

Roel van de Wiel, business development executive for State Street’s global services business in the Netherlands, Belgium and the Nordic region, adds: “In a recent research study we undertook, we found pension funds in the Netherlands rated risk management, regulation and compliance, and market volatility among the most important challenges they face. With the likelihood of Aruban pension funds moving towards the Dutch pension fund framework we expect these will be key challenges for them as well.”

Subscribe to free daily newsletter
Mobile Engineer

Tue, 01 Sep 2015 00:00:00 GMT

CTO / Chief Architect

Tue, 01 Sep 2015 00:00:00 GMT

Senior UNIX Systems Administrator/Engineer

Tue, 01 Sep 2015 00:00:00 GMT

6 days 23 hours from now - New York
1 week 23 hours from now - New York
1 week 5 days from now - London
1 week 6 days from now - California