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Wells Fargo settles securities lending class-action lawsuit
trueWells Fargo & Co. settled a federal class-action lawsuit led by the $132 million Farmington Hills (Mich.) Employees' Retirement System that claimed the bank breached its fiduciary duty when it lost money through its securities lending program, according to court documents.
St. Joseph, Mo., seeks manager, custodian for 2 transit plans
trueSt. Joseph, Mo., is searching for an investment manager and custodian for its two transit employee pension funds.
Custodians make inroads in risk analytics arena
trueThree large custodians with risk analytics and management subsidiaries are building their client base for those nascent businesses, with two of them freely tapping clients of their parents.
BNP Paribas Securities Services adds sales and relationship management leader
trueJose Placido will join BNP Paribas Securities Services as co-head of sales and relationship management effective April 22.
Springfield (Mo.) Police Officers & Firefighters collar custodian
trueSpringfield (Mo.) Police Officers' & Firefighters' Retirement System hired UMB Financial Corp. as custodian.
Texas Teachers seeks custodian and securities lending firm
trueTexas Teacher Retirement System is searching for a custodian and securities lending services firm for a five-year contract effective Jan. 1, 2015, with possible extensions of up to two years.
Oklahoma PERS sticks with Northern Trust as custodian
trueOklahoma Public Employees Retirement System, Oklahoma City, rehired Northern Trust as custodian.
AP7 sticks with BNY Mellon as custodian
trueAP7 rehired Bank of New York Mellon as global custodian.
Maryland 529 plans seek custodian
trueThe Maryland State Treasurer’s Office, Annapolis, is searching for a custodian for the College Savings Plans of Maryland, an independent state agency.
Sacramento Regional Transit District seeks custodian for 2 pension funds
trueSacramento (Calif.) Regional Transit District is searching for a custodian for its two defined benefit pension funds, confirmed Colleen Trant, procurement analyst.
South Africa's GEPF searching for custodian
trueGovernment Employees Pension Fund, Pretoria, South Africa, is searching for a custodian.
Croydon Pension Fund sticks with BNY Mellon for custody
trueLondon Borough of Croydon Pension Fund, Croydon, England, renewed its contract with BNY Mellon to provide custody, fund administration and cash management services.
Chicago teachers divides custody, securities lending assignments
trueChicago Public School Teachers' Pension & Retirement Fund hired Bank of New York Mellon as custodian and Deutsche Bank as securities lending agent and collateral manager.
New Jersey Division of Investment looking for firm to provide custody, management
trueNew Jersey Division of Investment issued an RFP for custodial and management services for the state's cash management fund.
Nevada treasurer needs custodian for 5 state funds
trueNevada State Treasurer's Office, Carson City, is searching for a custodian for five funds it oversees.