Stichting Pensioenfonds ABP, Heerlen, Netherlands, hired State Street Corp. to provide custody and securities lending services for the plan’s $21 billion in U.S. and Japanese assets, said Alyson Riley, State Street spokeswoman.
Michel Meijs, spokesman for the 150 billion euro ($129 billion) plan, said after a review of its portfolio of custody services, ABP changed various mandates to "make the process more efficient and more effective.” He would not provide further details.
