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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.
University of Maryland Foundation goes with Northern Trust as custodian
trueUniversity of Maryland System Foundation hired Northern Trust as custodian.
Illinois Student Assistance Commission seeks custodian for 529 plan
truellinois Student Assistance Commission, Springfield, is searching for a custodian on behalf of the $1.1 billion College Illinois Trust Fund, the state’s prepaid tuition program.
Illinois State Board picks Deutsche Bank for securities lending
trueIllinois State Board of Investment hired Deutsche Bank to provide securities lending services for both U.S. and international securities.
QIC taps Northern Trust as global custodian for its Australian fund offerings
trueQIC, a Brisbane-based money manager with A$70.8 billion ($55.4 billion) in assets under management, hired Northern Trust to provide global custody, fund accounting, taxation and associated services for QIC's Australian fund offerings.
Illinois Municipal picks transition managers
trueIllinois Municipal Retirement Fund selected BlackRock, Loop Capital Markets, Northern Trust, Penserra Capital Management, Russell Investments and State Street to be placed on a list of transition managers to be chosen on a case-by-case basis.