REST first awarded a long-term contract to State Street in January 2011 following a review of service providers.
The latest renewal was effective from 1 June 2014.
State Street provides REST with custody, fund accounting, performance and analytics and complex tax services across a range of asset classes.
REST chief executive Damien Hill said the renewal underlined the importance of partnering with a service provider offering “efficient, innovative solutions which ultimately deliver value for members”.
Mr Hill said super funds are going through a period of significant transformation both operationally and in regulatory sense and is also facing challenging investment market conditions.
“It is crucial that our service providers have the right tools in place to help with these challenges and since 2011, State Street has demonstrated its capacity to do this,” he said.
State Street executive vice president Ian Martin said the renewed contract was a vote of confidence in State Street’s capabilities and underlined the strength of the partnership developed over the past three years.
“We recognise that the world in which Australian super funds operate is becoming increasingly sophisticated and we’ve invested heavily in technology and infrastructure to help clients like REST adapt to those industry challenges,” he said.
