State Street Appointed Service Provider for Murray Johnstone Private Investors Limited; Win Underscores State Street's Commitment to Scotland.EDINBURGH, Scotland--(BUSINESS WIRE)--Sept. 16, 1999-- State Street Corporation (State Street) announced today that it has been selected as service provider by Murray Johnstone Private Investors Limited, a subsidiary company of Murray Johnstone Limited. Murray Johnstone has approximately (pound)4 billion funds under management for a broad range of clients including investment trusts, OEICs, unit trusts, offshore funds, venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: , pension funds, charities and private clients. Under the agreement, State Street will provide global custody and banking services to Murray Johnstone's pension funds and high net worth clients. Fiona Elbourne, head of administration at Murray Johnstone, said: "We are delighted to establish a relationship with State Street and to be able to offer our clients the services of one of the strongest players in this field." State Street has established a significant presence in Scotland since the acquisition of the Bank of Scotland's Unit Trustee business in 1998. Later that year, State Street announced its move and expansion to new offices at Lothian Road, Edinburgh, to accommodate future growth. The Murray Johnstone business will be serviced from this office. "We are pleased that Murray Johnstone has decided to establish a relationship with State Street," said David Bilbe, senior vice president and managing director of State Street Bank and Trust Company The State Street Bank and Trust Company is a bank. It was a subsidiary of the State Street Corporation, until it sold off the retail banking portion of this unit in 1999 to Citizens Financial Group (a subsidiary of the Royal Bank of Scotland), of Providence, RI. in the U.K. "This new mandate is a testament to the quality and range of service that we deliver to the marketplace." With $5.3 trillion in assets under custody and $574 billion under management, State Street Corporation is one of the world's leading specialists in serving institutional investors. Offices are located in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Chile, Cayman Islands, Netherlands Antilles, Ireland, United Kingdom, Netherlands, France, Belgium, Luxembourg, Switzerland, Germany, Czech Republic, Austria, United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. , Russia, People's Republic of China, Taiwan, South Korea, Japan, Singapore, Australia, and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . State Street Corporation's common stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol STT STT State Street Corporation (stock symbol) STT Suomen Tietotoimisto (Finnish National News Agency) STT Secure Transaction Technology STT Surface Tension Transfer (welding) . More information on State Street is available at website: http://www.statestreet.com. |
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