Michigan Municipal Employees Retirement System, Lansing, hired State Street Corp. for global custody and other services, including performance measurement, securities lending, cash management and investment compliance monitoring for the $6 billion system. State Streets expertise in daily valuation as well as its ability to provide a total servicing solution was key to our decision, said system CIO Jeb Burns in a news release from State Street. Mr. Burns did not respond to a call seeking information about the new hire. Northern Trust was the systems previous global custodian, according to the 2008 Money Market Directory.
Michigan Muni picks State Street as custodian
Sponsored
White Papers
Sponsored Content
Partner Content