State Street Corporation (NYSE: STT) today announced that it has been selected by the Department of Finance Canada to act as collateral manager and custodian for the Government of Canada’s currency swap program.

“We are very pleased to be selected by the Department of Finance and the Bank of Canada to support their middle office needs," said Rob Baillie, senior vice president and head of State Street Canada. “We are dedicated to providing our clients specialized solutions to help them manage their portfolio and regulatory risk. The decision to partner with us is a testament to confidence in State Street’s ability to provide a fully integrated collateral management and custody solution.”

This year State Street celebrated 25 years in Canada. With more than 1,300 employees and more than $1 trillion in assets under custody1, State Street has grown by 65 percent in Canada over the last five years. The corporation was also recently recognized as one of Toronto’s Top 100 Employers by the editors of Canada's Top 100 Employers for its flexible and alternative work arrangements, diversity programs and green initiatives.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28.7 trillion in assets under custody and administration and $2.4 trillion* in assets under management as of June 30, 2015, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.

* This AUM includes assets (approximately $26.7 billion as of June 30, 2015), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.

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1 As of June 30, 2015