NETHERLANDS - Doctors Pension Funds Services, which runs a combined €11.7bn for the two Dutch doctors’ schemes, has awarded a performance measurement brief to State Street’s WM arm.

WM Performance Services said it has been appointed by the body, which consists of Stichting Pensioenfonds voor Huisartsen and Stichting Pensioenfonds Medische Specialisten.

It will provide performance measurement on a monthly basis as well as extra information for board reporting. Financial terms were not disclosed.

The services build upon an existing relationship between the funds and State Street subsidiary Princeton Financial Systems.

“We have strong connections with State Street and are delighted to build upon them with this mandate for WM,” said DPFS chief executive Bert Bos.

“Performance measurement and analysis is part of good corporate governance, and we believe WM can add significant value to our funds.”