Australian Retirement Trust picks investment administrator

Australian Retirement Trust (ART), one of Australia’s largest superannuation funds, has chosen State Street Corporation as its preferred and primary custodian and investment administrator after a tender process. The contract took effect on December 21 2022. ART was formed through the merger of Sunsuper and QSuper on 28 February 2022 and manages more than A$230 billion ($160 billion) in retirement savings. The State Street mandate will cover all the retirement savings ART manag…