State Street Corporation announced today that it has been appointed by Alberta Revenue to provide domestic custody and securities lending for an additional $22 billion in assets. With the expanded relationship, State Street now services $33 billion in assets for Alberta Revenue.

State Street has had an eleven-year relationship with Alberta Revenue providing global custody, accounting, securities lending, performance and analytics and foreign exchange services for $11 billion of assets managed by Alberta Revenue. In addition, State Street Global Advisors, the investment management arm of State Street Corporation, manages approximately $2 billion for Alberta Revenue.

“We are delighted to expand our relationship with Alberta Revenue, a valued client for over a decade,” said David Toyne, the Canadian managing director of State Street, in a news release.

Alberta Revenue manages CAD$35 billion of investments for the Province of Alberta, public sector pension plans and provincial corporations.