State Street Corp. and IFDS Canada announced today that they have been appointed by Sarbit Asset Management to provide custody, fund accounting and transfer agency services for Sarbit’s $25 million in assets.

“We were impressed by the comprehensive solution, supported by leading edge technology and an extraordinary commitment to service that State Street and IFDS offered,” said Terry Baxter, chief financial officer at Sarbit Asset Management, in a news release. “In reviewing the market, they were by far the most complete provider.”

“This new win demonstrates how State Street consistently strives to anticipate customer needs and develop solutions to best suit their objectives,” said J-F Courville, president and chief executive officer of State Street Canada. “With our wide range of services, we offer the most flexible and customized services in the industry in Canada, and around the globe.”

“IFDS is delighted to partner with Sarbit,” added Debralee Goldberg, president of IFDS. “Our comprehensive back office solutions will give Sarbit innovative, quality solutions customized to fit their needs.”