State Street has confirmed the news that first broke last year that it has been appointed to provide custody, investment administration and data management services to Australian Retirement Trust (ART), one of Australia’s largest super funds. ART was formed by the merger of Sunsuper and QSuper and manages >AUD230bn (USD160bn) in retirement savings for its more than two million members. Prior to the merger, State Street serviced Sunsuper whilst QSuper, the larger fund, used Northern Trust.
