Milwaukee County Employees' Retirement System rehired Bank of New York Mellon for global custodian and securities lending services after conducting a search, according to Marian Ninneman, ERS manager,
The fund, which oversees $1.7 billion in assets, issued an RFP last October because BNY Mellon's contract expired Aug. 31, although it was extended until the end of 2013.
Marquette Associates, the pension fund's investment consultant, assisted in the search.
