Custody/trust

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  1. New Mexico PERA lines up custodian search

    trueNew Mexico Public Employees Retirement Association is expected to launch an RFP for a custodian on Sept. 2.

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  1. Erie, Pa., wants small- and midcap managers, custodian for 4 pension funds

    trueErie, Pa., is searching for a custodian, a midcap core equity manager to run approximately $26 million and a small-cap growth equity manager to run approximately $12 million for the city's four pension funds.

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  2. Montana Board of Investments keeps State Street as custodian

    trueMontana Board of Investments rehired State Street Bank as custodian, pending contract negotiations.

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  3. Concord Contributory issues call for custodian

    trueConcord (Mass.) Contributory Retirement System is searching for a custodian.

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  4. J.P. Morgan promotes new head of global custody

    trueChris Rowland was named global head of custody for J.P. Morgan Chase's custody and fund services business, effective immediately, said a memo to company staff.

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  5. New York State Deferred Comp issues call for custodian

    trueNew York State Deferred Compensation Plan is searching for a custodian/trustee.

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  6. Tennessee Consolidated goes with State Street for custody

    trueTennessee Department of the Treasury hired State Street Bank as custodian of the $40 billion Tennessee Consolidated Retirement System.

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  7. Lakeland signs Wells Fargo as custodian

    trueLakeland (Fla.) Employees' Pension and Retirement System hired Wells Fargo as custodian.

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  8. New Jersey Transit searching for administrator, custodian services

    trueNew Jersey Transit Corp. is looking for an administrator, custodian and trustee for its five defined benefit pension funds.

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  9. Pension Protection Fund preps custodian search

    truePension Protection Fund expects to launch a search for a custodian in the next few months.

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  10. St. Joseph keeps U.S. Bank as manager of transit employee funds

    trueSt. Joseph, Mo., rehired U.S. Bank as investment manager and custodian of its two transit employee pension funds.

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  11. Texas Teachers sticks with State Street for custody, securities lending

    trueexas Teacher Retirement System rehired State Street Bank for custodial and securities lending services.

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  12. State Street reaches $60 million settlement over shareholder lawsuit

    trueState Street Corp. has reached a $60 million settlement on a class-action lawsuit led by the $24 billion Mississippi Public Employees' Retirement System, Jackson, and Union Asset Management Holding AG, regarding its foreign-exchange trading services.

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  13. Finland's VER taps BNY Mellon as custodian

    trueValtion Elakerahasto, Helsinki, hired Bank of New York Mellon as global custodian for its direct equity and fixed-income investments.

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