The Board of Trustees of the Maryland State Retirement and Pension System today voted unanimously in favor of the renewal of its global custody contract with State Street, effective Jan. 1, 2013.
The $36 billion pension funds CIO A. Melissa Moye recommended the renewal to the investment committee, which on Friday voted to recommend the two-year extension of the contract to the treasurer.
State Street provides custody, settlement, accounting, auditing and reporting services, performance measurement and analytics and compliance monitoring to the fund.
(JDC)