Charles Schwab has selected State Street Corp. to support its eight new exchange-traded funds with custody, fund accounting, fund administration and transfer agency services. Sin e2005, State Street has provided Schwab with custody, fund accounting, fund administration and securities lending services.

“We appointed State Street as our service provider because they emerged as the clear leader for servicing our complex exchange-traded fund structures,” said George Pereira, senior vice president of Charles Schwab Investment Management.

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