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Iowa funds issue call for global custodian, securities lending
trueThe Iowa state treasurer issued a joint RFP for global custody and securities lending services for the $25.1 billion Iowa Public Employees' Retirement System, as well as two other state retirement systems and 12 other state investment funds, all based in Des Moines.
Securities lending put on front burner again
trueLarge pension funds have come back to securities lending with lessons learned from the 2008-"09 financial crisis and a greater focus on risk than ever before.
State Street picks new securities lending head
trueLou Maiuri was named executive vice president and head of securities finance at State Street Corp.
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.
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.
BNY Mellon takes over CIBC Mellon's securities lending desk in Toronto
trueCIBC Mellon has integrated its Toronto securities lending trading desk with those of one of its parent companies, BNY Mellon, said Rob Ferguson, CIBC Mellon's senior vice president, capital markets.
U.K. court awards damages in AP1's securities-lending suit against BNY Mellon
trueAP1, Stockholm, won a ruling from the Commercial Court in London in favor of its lawsuit against former custodian BNY Mellon for negligence in its securities-lending transactions on the sovereign wealth fund's behalf.
Chicago Laborers recruits Deutsche Bank for securities lending
trueChicago Laborers' Annuity & Benefit Fund at its board meeting on Tuesday hired Deutsche Bank as the pension fund's securities lending agent.
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.
Milwaukee County brews global custody search
trueMilwaukee County Employees' Retirement System issued an RFP for a global custodian and securities lending services.
Northern Trust hires securities lending consultant
trueRob Coxon was named senior consultant in Northern Trust's change management consultancy business, based in London.
Los Angeles Water & Power Employees seeks custodian, securities lending
trueLos Angeles Water & Power Employees' Retirement Plan is searching for a global custodian and securities-lending agent.
Chicago teachers fund issues RFP for global custody, securities lending
trueChicago Public School Teachers' Pension & Retirement Fund is searching for global custodial and securities-lending services.
Trading problems sparking calls for closer oversight of exchanges
trueA spate of recent glitches in trading markets is putting pressure on federal regulators to step in, and on institutional money managers to pay more attention to market infrastructure.