HSBC Securities Services (HSS) has secured agreement to provide a full range of Global Custody services for the Northern Ireland Local Government Officers Superannuation Scheme (NILGOSC).
This comprises custody, investment accounting and performance measurement with assets valued at 3.2 Billion. Following the successful tender, and subject to contract, HSS will assume responsibility for the assets from 1 November 2007.
“The appointment reflects the Group’s investment in people, technology and continued delivery of new and tailored solutions to provide focused support for our pension fund clients in this demanding and competitive market,” says Mike Martin, Global Head of HSBC’s Institutional Fund Services
Deane Morrice, Secretary, NILGOSC adds: “Relationship Management was a key consideration in the selection of our new custodian and we look forward to working with the team.”