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Plano Retirement Security Plan searching for global custodian
truePlano (Texas) Retirement Security Plan is searching for a global custodian, according to an RFP posted on procurement website BidSync.
Susquehanna Township seeks custodian, investment consultant
trueSusquehanna (Pa.) Township is seeking a master custodian and investment consultant for its two defined benefit pension plans.
Missouri's Springfield police and fire pension fund seeks global custodian
trueSpringfield (Mo.) Police Officers' & Firefighters' Retirement System is searching for a global custodian.
U.K. pension funds pick 6 custodians for preapproved list
trueSix global custodians were selected for a preapproved list for several defined benefit pension plans in the £180 ($289.4 billion) Local Government Pension Scheme system.
BNY Mellon settles Florida forex suit for $28 million
trueFlorida State Board of Administration will be paid $28 million by Bank of New York Mellon, global master custodian for a state pension fund, to settle a lawsuit that claimed BNY Mellon overcharged for foreign-exchange transactions.
Stroud Area Police issues RFP for custodian
trueStroud Area Regional Police Pension Plan, East Stroudsburg, Pa., is seeking proposals for a custodian.
Iowa seeks global custodian, securities lending provider
trueIowa State Treasurer's Office is searching for a global custodian and securities lending provider for three state pension funds and the state operating fund.
Chicago Policemen's fund keeps custodian, hires new securities lending manager
trueChicago Policemen's Annuity & Benefit Fund rehired Northern Trust as global custodian and benefit payment processor.
Ocala treats ICMA-RC to bundled provider contract for 2 plans
trueOcala, Fla., hired ICMA-RC as bundled provider of its 457 and 401(a) plans.
Custodians see growth coming from DC plans
trueSome big global custodians, whose traditional retirement business has come from defined benefit plans, are now getting business from defined contribution plans.
Custodians see slide in securities lending revenue
truePublicly traded financial services firms that provide global custody saw revenue derived from securities lending decline in the quarter and year ended Sept. 30, while assets under custody and administration rose.
Philadelphia Gas Works pension plan seeks custody services
truePhiladelphia Gas Works Retirement Reserve reissued an RFP for custody services.
Orlando Firefighters' Pension Fund sticks with NEPC, BNY Mellon
trueOrlando (Fla.) Firefighters' Pension Fund rehired NEPC as investment consultant and Bank of New York Mellon as global custodian.
Halifax Herald sticks with CIBC Mellon for custody
trueHalifax Herald Ltd. retained CIBC Mellon as global custodian for its C$68 million (US$66 million) defined benefit pension plan.
BNY Mellon reports asset gain of 7% in quarter
trueBank of New York Mellon on Wednesday reported $1.53 trillion in combined assets under management for its BNY Mellon Investment Management and wealth management business as of Sept. 30, up 7% from three months earlier and 13% higher than 12 months ago.