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Luxembourg and London... —State Street Corporation (NYSE:STT), the world's leading provider of financial services to institutional investors, announced today that it has been selected by IKANO Fund Management S.A. to provide third-party securities lending services for €3.8 billion in assets.
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| "We chose State Street for their overall product expertise and ability to generate revenue on our behalf," said Peter Branner, managing director at IKANO.
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| "We are thrilled IKANO has chosen us," said Chris Taylor, head of State Street's securities finance activities in Europe. "Our ability to anticipate customer needs has allowed us to build our reputation as the world's leading provider of securities lending services."
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| IKANO Fund Management (www.IKANOfm.lu), part of the IKANO Group, is a highly focused fund management company specializing in multi-manager fund products. As of August 31, 2006, IKANO had more than €3.8 billion under management, through 24 carefully selected asset managers, in 13 funds.
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| State Street lends securities in markets around the world via a global network of trading locations — providing customers with around-the-clock opportunities, as well as regional expertise and experience. State Street has provided securities lending services since 1974, and has developed an industry-leading approach to risk and return management. Its securities lending program is available to all institutional investors worldwide, whether their assets are held in custody at State Street or elsewhere. For more information, visit www.statestreet.com/securitiesfinance.
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| State Street Corporation is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $10.9 trillion in assets under custody and $1.5 trillion in assets under management as of June 30, 2006, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com.
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