Asset servicing

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  1. Credit Suisse closing securities lending business for institutional investors

    trueCredit Suisse is shutting down its managed lending business, which provides third-party agency securities lending services to large institutional investors.

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  1. Illinois Municipal digging for transition managers

    trueIllinois Municipal Retirement Fund is searching for several transition managers.

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  2. Special Forces Pension Plan looking for actuarial consultant

    trueSpecial Forces Pension Plan, Edmonton, Alberta, is searching for an actuarial consultant for the C$2.03 billion (US$1.72 billion) defined benefit plan.

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  3. Massachusetts Water Resource Authority casts net for custodian banks

    trueMassachusetts Water Resource Authority Employees’ Retirement System is searching for a custodian.

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  4. Goldman once again tops list of prime brokers

    trueGoldman Sachs remains the top pick for hedge funds and investment firms as their main prime broker, with 27% of respondents, followed by Morgan Stanley (17%) and J.P. Morgan (8%). The data are from Eze Castle Integration's annual global hedge fund technology benchmark study for 2014; there were 194 ...

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  5. Minnesota State Board chooses 5 transition managers

    trueMinnesota State Board of Investment on Tuesday selected BlackRock, Citigroup Global Markets, Northern Trust Corp., Russell Investments and State Street Corp. as transition managers to be used on an as-needed basis.

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  6. Canada Mortgage and Housing Corp. seeks administrator, record keeper

    trueCanada Mortgage and Housing Corp. is searching for a firm to serve as both administrator and record keeper for its C$1.54 billion (US$1.36 billion) defined benefit plan.

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  7. El Paso County Retirement Plan mulls custodian search

    trueEl Paso County Retirement Plan could issue an RFP for a trustee/custodian in January.

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  8. Toronto launches actuary search for 5 frozen DB plans

    trueToronto is searching for a firm to conduct an actuarial valuation of the city’s five frozen defined benefit plans.

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  9. State Street edges BNY Mellon in custody assets

    trueState Street Corp. moved ahead of Bank of New York Mellon Corp. as the largest custody bank in terms of assets, with a slight increase in assets under custody and related revenue in the third quarter, while BNY Mellon, J.P. Morgan Chase & Co. and Northern Trust Corp. all saw slight decreases in ...

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  10. Deutsche Bank appoints head of custody and clearing

    trueElizabeth Nolan was named head of custody and clearing at Deutsche Bank's institutional cash and securities services unit, the bank's European custody business.

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  11. Justice Department targets J.P. Morgan Chase forex business in criminal probe

    trueJ.P. Morgan Chase & Co.'s foreign exchange trading business is the target of a criminal probe by the U.S. Department of Justice, said a company filing with the SEC Monday.

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  12. Oklahoma Teachers issues call for custodians

    trueOklahoma Teachers' Retirement System is searching for a firm to provide custodial, securities lending and commission recapture services.

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  13. Kansas PERS hires State Street as custodian, terminates 2 PIMCO investments

    trueKansas Public Employees Retirement System hired State Street Bank as custodian, committed to a private equity fund and terminated Pacific Investment Management Co. for performance and senior management personnel changes.

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