Asset servicing

Avon Pension Fund sticks with BNY Mellon Asset Servicing as custodian

Avon Pension Fund, Keynsham, England, rehired BNY Mellon Asset Servicing as global custodian.

February 22, 2012 | 02:14 pm
The costs of switching investment managers

The costs of switching investment managers

Often institutional investors don't spend enough time understanding and managing the transition costs and risks of changing investment managers.

February 15, 2012 | 12:01 am

Illinois Teachers seeks third-party securities lending agent

Illinois Teachers' Retirement System authorized a search for the $36 billion system's first third-party securities lending agent.

February 09, 2012 | 04:16 pm

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
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