Asset servicing

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  1. 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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  1. 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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  2. 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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  3. 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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  4. 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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  5. 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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  6. State Street adds to asset servicing team

    trueJane Kirkland was named senior vice president for investment servicing at State Street Global Services, the asset servicing unit of State Street Corp.

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  7. Custody banks report gains from year-earlier figures; State Street tops in size

    trueState Street Corp. edged above 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 and Northern Trust all saw slight decreases in both categories.

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  8. eVestment countersues Compass iTech

    trueeVestment filed a countersuit against Compass iTech, alleging the company illegally entered the eVestment database on several occasions and stole restricted data for its own commercial gain.

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  9. Towers Watson launches non-profit think tank to improve investment industry

    trueTowers Watson is launching a global, non-profit think tank comprising asset owners, investment managers and other services providers that will focus on improving the investment industry for end savers.

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  10. Northern Trust names head of new representative office in Seoul

    trueByun Jai Yung was appointed chief representative of Northern Trust’s newly opened representative office in Seoul.

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  11. Florida SBA nears decisions on brokerage, collateral management searches

    trueFlorida State Board of Administration, Tallahassee, is considering five firms in its search for prime brokerage services: Citigroup, Deutsche Bank, New Edge, Bank of America Merrill Lynch and Bank of New York Mellon unit Pershing LLC.

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  12. Market share increasing for largest FX dealers — report

    trueThe five largest foreign-exchange dealers by market share handled more than half of all FX trades in 2013, and more volume will head to those dealers in the future, said a Greenwich Associates report issued Thursday.

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  13. LACERS readies custodian search; earmarks $35 million to venture capital

    trueLos Angeles City Employees' Retirement System approved issuing an RFP for a firm to provide custodial and securities lending services, minutes from a recent meeting show.

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