| Jun 9, 2009 | Rio Tinto Appoints State Street as Custodian for Three Pension Schemes |
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Rio Tinto, the international mining group, has appointed State Street to provide investment services for three of its pension schemes. State Street will provide Rio Tinto with custody, fund accounting, securities lending and investment analytics services for USD8bn of assets across its Canadian, US and UK pension schemes. The services will be provided from State Street's operations in London and Montreal. "State Street's ability to service our schemes in multiple domiciles though a single, global platform was an attractive option for us, whilst also allowing us to reduce costs across geographies," said Michael Wrobel of Rio Tinto. | |
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