State Street will provide services to Rio Tinto
State Street Corp., the Boston company that provides financial services to large institutional investors, said it has been appointed by Rio Tinto, an international mining group, to provide investment services for $8 billion in assets.
"State Street will provide Rio Tinto with custody, fund accounting, securities lending, and investment analytics services for its Canadian, US, and UK pension schemes," State Street said in a press release. "The services will be provided from State Streetís operations in London and Montreal."
(By Chris Reidy, Globe staff)