Connecticut Retirement Plans & Trust Funds (CRPTF) has mandated Deutsche Bank to provide securities lending services.
The appointment was announced by Treasurer Denise Napier at a meeting of the $26.1 billion funds Investment Advisory Council (IAC). Nappier announced her decision to award the securities lending mandate, a component of the master custodian search, to Deutsche Bank, after considering the feedback from the IAC and the due diligence findings of her staff and consultant. With respect to the remainder of the mandate for custody services, she will make a final decision after considering the final fee proposals of BNY Mellon and State Street.
(JDC)