State Street Global Services

LONDON  – State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors, announced today that it has expanded its relationship with Sun Life Financial of Canada in the UK and will now provide a range of investment services for more than £11.5 billion in assets.

State Street was originally appointed by Sun Life Financial of Canada in the UK in 2008 to service the assets of Sun Life Assurance Company of Canada (U.K.) Limited. Following Sun Life’ Financial of Canada’s acquisition of The Lincoln National UK group at the end of 2009, a review was conducted to appoint a consolidated service provider for Fund Accounting, Custody, Performance Measurement, Compliance Monitoring, OTC Derivatives Pricing and Administration and Collateral Management Services.

“State Street’s broad range of services for the insurance and pensions market was a key factor for us in our selection of a single service provider,” said Janet Fuller, chief executive officer of Sun Life Financial of Canada in the UK. “We were impressed by the high-quality service provided through our original relationship and therefore chose to consolidate all of our investment servicing requirements with State Street.”

“We are delighted to expand our relationship with Sun Life Financial of Canada in the UK,” said Wade McDonald, head of Client Management for State Street's Global Services business in the United Kingdom, Middle East and Africa. “State Street offers deep expertise in the insurance industry and delivers integrated solutions to help clients navigate the increasingly complex environment.”

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $21.8 trillion in assets under custody and administration and $1.9 trillion* in assets under management at December 31, 2011, State Street operates in 29 countries and more than 100 geographic markets.  For more information, visit State Street’s web site at www.statestreet.com.

*This AUM includes the assets of the SPDR Gold Trust (approx. $63 billion as of December 31, 2011), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent.