Government of Bermuda appointed the Bank of New York as sole custodian...

Government of Bermuda appointed the Bank of New York as sole custodian for its nearly $1 billion in pension assets. BNY was one of three custodians for Bermuda’s two public pension plans, according to Anthony Manders, management accountant. He declined to name the other custodians but said Bermuda officials wanted to consolidate custodial services.