Asset servicing
AFTRA pension fund in settlement with J.P. Morgan
J.P. Morgan Chase reached an “agreement in principal” to settle a class-action lawsuit filed by the $1.5 billion American Federation of Television and Radio Artists Retirement Fund and...
February 08, 2012 | 12:27 pm
State Street Global Markets names EMEA portfolio solutions chief
John Minderides was named head of State Street Global Markets' portfolio solutions business for Europe, the Middle East and Africa.
February 03, 2012 | 12:57 pm
U.S. Bank acquires Union Bank's institutional trust unit
U.S. Bank National Association, a subsidiary of U.S. Bancorp, agreed to purchase Union Bank's institutional trust business providing services to corporate retirement plans.
February 01, 2012 | 03:55 pm
47% of plan execs see no change in sec lending revenue
Forty-seven percent of pension plan executives surveyed by Finadium expect no change in securities lending revenue over the next two years, with the remainder split as to whether securities lending...
January 23, 2012 | 01:36 pm
Northern Ireland government officers fund looking for custodian
Northern Ireland Local Government Officers' Superannuation Fund, Belfast, is searching for a global custodian.
January 19, 2012 | 12:15 pm
Analyst estimates Northern Trust's coming cost cuts at $175 million
Northern Trust Corp. will announce a cost savings program next week that one analyst projects will trim $175 million, or 6%, from the annual expenses of Chicago's largest locally based bank.
January 11, 2012 | 10:04 am
Washington investment board picks State Street Bank for custody, sec lending
Washington State Investment Board hired State Street Bank as global custodian and securities lending provider, said spokeswoman Liz Mendizabal.
December 19, 2011 | 04:21 pm
MassPRIM looks to build preapproved stable of transition managers
Massachusetts Pension Reserves Investment Management board plans to issue an RFP for providers of transition services.
December 08, 2011 | 04:05 pm
Medical center 403(b) prescribes TIAA-CREF as sole provider
Maimonides Medical Center hired TIAA-CREF as bundled provider of its 403(b) plan.
December 07, 2011 | 03:14 pm
South Carolina looking for bundled provider for college savings plans
South Carolina State Treasurer's Office, Columbia, is searching for a bundled provider for the state's two 529 college savings plans, according to an RFP posted on the treasurer's website.
December 07, 2011 | 02:31 pm
Illinois Teachers puts out call for transition managers
Illinois Teachers' Retirement System has issued an RFP for transition managers that would be placed on a preapproved list.
November 29, 2011 | 12:34 pm
Oklahoma Police Pension sues U.S. Bank
Oklahoma Police Pension & Retirement System, Oklahoma City, filed a class-action suit against U.S. Bank, charging it failed to properly fulfill its duty as trustee of two investment trusts.
November 14, 2011 | 04:16 pm
Bridgewater moves back-office operations to BNY Mellon
Bridgewater Associates, as expected, outsourced the middle- and back-office processes to BNY Mellon for about $125 billion of assets managed in hedge fund and long-only strategies.
November 14, 2011 | 04:01 pm
State Street says no to Trian's SSgA spinoff letter
Trian Fund Management's call on State Street Corp. to mull a spinoff of money management arm State Street Global Advisors has drawn a mixed response from market players, but a negative one from State ...
November 14, 2011
East Riding of Yorkshire saddles up with State Street
East Riding of Yorkshire Council Pension Fund hired State Street Corp. as its new global custodian.