State Street Corporation (NYSE: STT), announced today that it will 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 $1 billion 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
"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
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