Connecticut taps State Street for custody extension

Connecticut Retirement Plans and Trust Funds, Hartford, extended its global custody contract with State Street Corp. for six months while reviewing candidates in its search for a new custodian, according to Bernard Kavaler, spokesman for state Treasurer Denise L. Nappier, sole trustee of the $20 billion system. The system's contract with State Street was scheduled to expire Jan. 1. Finalists are? State Street, Bank of New York and Mellon Financial Corp.