Ludwig Institute for Cancer Research , New York, hired Mellon Global...

Ludwig Institute for Cancer Research, New York, hired Mellon Global Securities Services to provide global trust and custody services for its $925 million endowment. Mellon replaces Deutsche Bank, said David Fey, treasurer of the LICR Fund. The change was made after Deutsche sold its custody business to State Street Corp. The endowment chose Mellon for its technology and its integrated platforms, which combine accounting, performance measurement and access to Russell/Mellon analytics, Mr. Fey said.