Boston investment banking giant State Street Corp. has been appointed by Wellington West Asset Management Inc. to provide investment services, including fund accounting, fund administration, custody and trustee services for a group of new funds to be launched by Wellington West.

Founded in 1993, Wellington West is one of the largest independent, full-service wealth management firms in Canada, with approximately CAD$8.8 billion in assets under administration, according to a statement.

"In selecting a fund service provider, we looked for a technology leader with a demonstrated record of service excellence," said Kish Kapoor, president of Wellington West Holdings Inc. "State Street has established a strong presence and track record of success in Canada and was clearly the top choice to meet our needs."

"We are very pleased to be appointed by Wellington West for this new mandate," said Kevin Drynan, senior vice president of State Street in Canada. "As our servicing business in Canada continues to expand, we are focused on being a strong partner in helping our customers like Wellington West achieve their growth targets."

State Street has provided investment servicing and management solutions to Canada’s financial services community for more than 20 years. It employs more than 1,200 people in Toronto, Montreal and Vancouver, according to a statement.