Asset servicing

Regulatory fallout takes center stage at securities lending conference

Regulatory fallout takes center stage at securities lending conference

Future regulations — and the uncertainty of what they would impose on securities lending providers — were front and center in discussions at the Information Management Network Beneficial...

January 30, 2014 | 03:34 pm

New securities lending strategies might evolve from regulatory changes, panelists say

Expected regulatory changes could open the door to new strategies in securities lending, particularly involving ETFs, panelists said Tuesday at the Information Management Network Beneficial Owners'...

January 29, 2014 | 04:09 pm

Dania Beach Police and Fire puts out call for global custodian

Dania Beach (Fla.) Police and Fire Retirement System is searching for a global custodian.

January 28, 2014 | 11:39 am

Systemic risk driving regulatory changes to protect investors, conference told

Systemic risk and investor protection are driving regulatory changes in securities lending, in rules ranging from Dodd-Frank and the Volcker rule to Basel III and other international regulators, a...

January 28, 2014 | 11:10 am
Custody banks experience similar revenue trends

Custody banks experience similar revenue trends

Assets under custody grew in the fourth quarter for publicly traded financial services firms offering such services, although revenues from securities lending and foreign exchange declined.

January 27, 2014 | 03:09 pm

Somerfield turns to BNY Mellon for custody, accounting

Somerfield Pension Scheme hired BNY Mellon to provide custody and investment accounting services for its £800 million ($1.3 billion) of assets.

January 27, 2014 | 02:19 pm

Texas Prepaid shopping for global custodian

Texas Prepaid Higher Education Tuition Board is searching for a global custodian for its $1.4 billion Texas Guaranteed Tuition Plan.

January 27, 2014 | 03:06 pm

Milwaukee selects BlackRock for passive international stocks, rehires Northern Trust for custody

City of Milwaukee Employes' Retirement System hired BlackRock to manage a $240 million MSCI All-Country World ex-U.S. Growth index fund.

January 23, 2014 | 01:08 pm

North Shore-LIJ chooses Transamerica as record keeper for DC plans

North Shore-LIJ Health System, Great Neck, N.Y., selected Transamerica to serve as record keeper for its $3 billion employee defined contribution plans.

January 22, 2014 | 03:34 pm

Kansas PERS plans custody search, commits to 2 funds

Kansas Public Employees Retirement System will issue an RFP for global custody and securities lending services.

January 21, 2014 | 03:53 pm

Phoenix City Employees flies with BNY Mellon as global custodian

Phoenix City Employees' Retirement System hired Bank of New York Mellon as global custodian.

January 21, 2014 | 02:03 pm

Milwaukee County Employees sticks with BNY Mellon as global custodian

Milwaukee County Employees' Retirement System rehired Bank of New York Mellon for global custodian and securities lending services.

January 20, 2014 | 02:17 pm
Custodians feeding clients' appetites for data

Custodians feeding clients' appetites for data

Asset owners are hungry for data beyond performance analytics, spurring custodians to broaden their offerings and find another way to expand their revenue base.

January 20, 2014
BNY Mellon's AUM rises 3% in quarter, 14% in year

BNY Mellon's AUM rises 3% in quarter, 14% in year

Bank of New York Mellon on Friday reported $1.58 trillion in assets under management as of Dec. 31 for its BNY Mellon Investment Management and wealth management business, up 3% from Sept. 30 and an...

January 17, 2014 | 12:06 pm

Frederick County searches for custodian

Frederick County, Frederick, Md., is looking for a custodian for all the assets in three funds — the $415.5 million pension fund, an other post-employment benefits fund and a general fund.

January 17, 2014 | 04:23 pm
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