MD Physician Services taps State Street
State Street Corp., a Boston company that provides financial services to large investors, said in a press release that it has been appointed by MD Physician Services Inc. to provide a range of investment services including custody, fund accounting, and fund valuation services.
Headquartered in Ottawa, MD Physician Services is the manager and trustee of the MD family of funds, a group of 22 proprietary mutual funds. State Street said it has been appointed to service MD Physician assets valued at $15.6 billion in Canadian dollars.
With more than 1,200 employees in Toronto, Montreal, and Vancouver, State Street provides a broad array of services to many of Canada's leading institutional investors.
State Street released a quarterly earnings report earlier in the day. To read a Business Update on that earnings report, please click here.
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