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Metropolitan District Commission issues call for custodian
trueMetropolitan District Commission, Hartford, Conn., is searching for a custodian for its $200 million pension fund.
Chicago Municipal Employees seeking transition managers
trueChicago Municipal Employees’ Annuity & Benefit Fund is searching for one or more transition managers.
Departure at Fidelity Capital Markets stirs speculation
trueThe departure of Fidelity Capital Markets' head of transition management has spurred talk of what will happen at the firm, which had looked at expanding its transition management business to the defined benefit market from defined contribution plans.
Technology outsourcing without giving away the farm
trueHow is it possible to introduce a myriad of new operational and compliance-related spending to the overall organizational structure in response to the changing regulatory environment, while at the same time reducing expenses and costs?
RBC custody unit taps new sales chief targeting money managers
trueKevin O'Neill was named managing director, asset managers-North America, at RBC Investor & Treasury Services.
SEC files Wells notice against State Street
trueThe Securities and Exchange Commission is recommending that action be taken against State Street Corp., said an 8-K filing from State Street on Thursday.
Mitsubishi UFJ acquires UBS' alternative fund services business
trueMUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, is acquiring UBS Global Asset Management’s alternative fund services business.
Alabama Peace Officers pension fund looking for manager
trueAlabama Peace Officers' Annuity & Benefit Fund IS searching for a firm to provide investment consulting, investment management and custodial services.
BNY Mellon names global head of private equity, real estate servicing
trueAlan Flanagan was named global head of private equity and real estate fund services for Bank of New York Mellon’s alternative investment services business.
San Bernardino County in hunt for master custodian
trueSan Bernardino County (Calif.) Employees’ Retirement Association is searching for a master custodian, said an RFP on the $7.6 billion pension fund’s website.
Transition managers grab more DC business
trueMore white-label and unitized investment options in defined contribution plans are boosting the business of transition management firms hurt by the decline in defined benefit business.
United Nations seeks custodian for pension fund, endowment
trueUnited Nations Investment Management Division is searching for a global custodian and master record keeper for its pension fund and endowment.
Railpen signs Northern Trust for asset servicing
trueRPMI Railpen hired Northern Trust to provide investment operation outsourcing services, said a spokeswoman for the pension fund.
University System of Georgia sticks with SunTrust for consulting, custody
trueUniversity System of Georgia rehired SunTrust Banks as discretionary investment consultant and custodian for its $580 million pooled investment fund.
Northern Trust, Bank of Taiwan to team up on global custody offering in Taiwan
trueNorthern Trust and Taipei-based Bank of Taiwan will collaborate in offering institutional investors in Taiwan asset servicing and global custody services.