Frank Russell Co. hired State Street Bank as custodian and...

Frank Russell Co. hired State Street Bank as custodian and administrator for its Australian domiciled funds, comprising 14 multimanager and multi-asset class portfolios with a total value of about US$4.1 billion. Frank Russell is using the services of BT Portfolio Services, which recently was acquired by The Chase Manhattan Bank. The transition of services to State Street is expected to be completed in the first quarter.