Toronto-based ClaringtonFunds has tapped Boston's State Street Corp. to provide global and domestic custody, accounting, fund administration and transfer agency services for the firm's Canadian fund family.

The deal covers 40 Canadian mutual funds with roughly $1.9 billion Canadian in assets, according to State Street.

"ClaringtonFunds is one of the fastest-growing mutual-fund companies in Canada, and we look forward to helping them grow their business," said David Toyne, managing director of State Street in Canada, in a statement.  

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