BP’s British plan rehires State Street as custodian

BP Pension Trustees Ltd., Sunbury-on-Thames, England, rehired State Street Corp. to provide global custody, accounting, securities lending and performance measurement services for the £14 billion ($27.9 billion) BP Pension Fund, confirmed BP spokesman David Nicholas. State Street has been with the fund since 1987. BP Pension had conducted a search. Hewitt Associates assisted.