State Street Appointed to Service CAD$15.6 Billion in Assets for MD Physician Services

State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, announced today that it has been appointed by MD Physician Services Inc. (MDPSI) to provide a range of investment services for CAD$15.6 billion in assets including custody, fund accounting, and fund valuation services.

"State Street’s advanced technology, reporting and analytics capabilities were key factors in our decision-making process,” said Guy Belanger, chief financial officer of MD Physician Services Inc. "We were impressed by State Street’s long history of successful service quality and comprehensive approach, particularly in outsourced mutual fund accounting. We look forward to a successful partnership.”

MDPSI, directly and through its subsidiaries, is the manager and trustee of the MD family of funds, a group of 22 proprietary mutual funds.

"We are very pleased to establish this new partnership with MD Physician Services Inc.,” said Kevin Drynan, senior vice president of State Street in Canada. "This mandate reflects our commitment to providing Canadian mutual fund providers and investment managers with local expertise, global reach and advanced technology to address their unique needs.”

With more than 1,200 employees in Toronto, Montreal and Vancouver, State Street provides a broad array of services to many of Canada’s leading institutional investors.

About MD Physician Services Inc.

MD Physician Services Inc. is the manager and trustee of the MD family of funds, a group of 22 proprietary mutual funds. The company retains and supervises world-class investment managers who manage the portfolio assets of one or more of the funds or parts of the funds. MD Physician Services Inc. also provides investment counseling services to clients with a national network of licensed investment counselors who provide expert advice and portfolio management services to clients. These services are offered under the MD Private Investment Counsel brand. MD Physician Services Inc. also assists clients with the business side of their medical practices by providing practice management and software solutions that help physicians manage and operate their medical practices more effectively and efficiently.

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $18.8 trillion in assets under custody and administration and $1.9 trillion in assets under management at December 31, 2009, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street’s web site at www.statestreet.com.