State Street Corp. Thursday marked the 20th anniversary of its presence in Canada.

The provider of financial services to institutional investors opened its first office in Canada in 1990.

State Street (NYSE:STT) began servicing its first Canadian mutual fund client in 1994, and in 1995 the firm established its trading and research business, State Street Global Markets. In 1997, State Street opened its Vancouver office. In 2004, the firm launched the industry’s first Canadian cash collateral fund.

Over the past 20 years, State Street has grown its client base to more than 360 institutional investors. It also boasts more than $700 billion in assets under custody and over $40 billion under management in Canada.

“Canada is an important market for State Street and our clients around the world and I am firmly committed to maintaining our position as a financial services leader in this market for years to come,” said Jay Hooley, president and chief executive officer of State Street Corp.

IE