Custody/trust

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  1. Lakeland signs Wells Fargo as custodian

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

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  1. 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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  2. 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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  3. 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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  4. 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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  5. 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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  6. Devon County Council picks Northern Trust for custody, securities lending

    trueDevon County Council Pension Fund, Exeter, England, hired Northern Trust to provide global custody and securities lending services.

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  7. Lincoln Police & Fire collars first custodian

    trueLincoln (Neb.) Police & Fire Pension Fund hired U.S. Bank as its first external custodian.

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  8. San Mateo County goes with Northern Trust for custody

    trueSan Mateo County Employees' Retirement Association, Redwood City, Calif., hired Northern Trust as its new custodian, according to recently released board meeting minutes.

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  9. Nevada treasurer goes with BNY Mellon for 5 state funds

    trueNevada State Treasurer's Office, Carson City, hired Bank of New York Mellon as custodian for five funds it oversees.

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  10. Nashville & Davidson County issues call for custodian

    trueNashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund is searching for a custodian.

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  11. Montana Board of Investments searching for custodian

    trueMontana Board of Investments is searching for a custodian.

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  12. Oakland County chooses Northern Trust as custodian

    trueOakland County Retirement and Deferred Compensation Board, Waterford, Mich., hired Northern Trust as custodian of the $1.2 billion retirement fund.

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  13. 3 U.K. pension funds select HSBC as custodian

    trueThree U.K. local government pension funds hired HSBC Securities Services to provide global custody, investment accounting and securities lending services.

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