Asset servicing

Longmont, Colo., switches bundled provider for 401(a) plan

Longmont, Colo., hired Great-West Retirement Services as bundled provider for the city's $65 million 401(a) plan.

August 06, 2014 | 02:17 pm

New York State Deferred Comp issues call for custodian

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

August 06, 2014 | 02:21 pm

Transition management transactions soar in July — Harbor Analytics

July saw a boom in transition management, based on Harbor Analytics data, with 31 transactions accounting for 27% of total transitions for the first seven months of the year.

August 06, 2014 | 01:10 pm

Evercore acquires ISI, remaining 40% of its equities business

Evercore Partners agreed to acquire International Strategy and Investment Group, a research and trading business.

August 04, 2014 | 02:35 pm

Markets, new business boost banks’ asset-servicing revenue

Higher market values and increased mandates were cited by the largest publicly traded banks for the rise in assets under custody and in asset servicing revenues in the second quarter, according to...

August 04, 2014
Firms turning to overlays for transition management

Firms turning to overlays for transition management

The changing landscape in transition management and the desire for increased returns on cash have generated new interest in a longtime offering — overlays. The changing landscape in transition ...

August 04, 2014

BNP Paribas acquires Credit Suisse’s hedge fund admin business

BNP Paribas Securities Services has acquired Credit Suisse Prime Fund Services, a fund administration business for hedge funds and hedge funds of funds, said Jonathan Taylor, BNP Paribas spokesman.

August 01, 2014 | 01:02 pm

Tennessee Consolidated goes with State Street for custody

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

July 30, 2014 | 02:48 pm

Asset owners could account for 25% of global ETF usage within 5 years — iShares strategist

Asset owners could account for a quarter of exchange-traded fund usage globally in five years, a potentially giant leap from as low as 5% now, according to a senior executive with BlackRock Inc.'s...

July 30, 2014 | 09:23 am

Lakeland signs Wells Fargo as custodian

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

July 24, 2014 | 10:41 am

Pension Protection Fund preps custodian search

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

July 17, 2014 | 01:56 pm

New Jersey Transit searching for administrator, custodian services

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

July 17, 2014 | 03:40 pm
Legal troubles could jeopardize BNP Paribas' U.S. growth plans

Legal troubles could jeopardize BNP Paribas' U.S. growth plans

BNP Paribas Securities Services' plans to expand in the U.S. could be hampered because of last month's guilty plea by its French banking parent to processing $30 billion in transactions with...

July 17, 2014 | 02:36 pm

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

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

July 15, 2014 | 03:39 pm

Texas Teachers sticks with State Street for custody, securities lending

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

July 15, 2014 | 01:31 pm