US-based State Street will provide custody and administration services to Sunsuper including unit pricing, compliance monitoring, performance reporting, alternative asset reporting and tax and accounting services.
State Street senior vice president and head of global markets and global services businesses for Australia and New Zealand Ian Martin said that We have continued to invest in and expand our suite of superannuation services in recent years, reflecting State Street’s commitment to servicing Australia’s super industry for the long-term.
"We have also introduced many of our innovative global services to the Australian market, tailoring them to meet the specific needs of superannuation funds, as well as developing teams with specific superannuation expertise to meet our client’s needs," added Martin.
