Mellon To Provide Custody Services For The $6.9 Billion SDCERA

Mellon Financial Corporation announced that its Global Securities Services group will become the sole provider of custody and related services, including, performance analytics, securities lending and global cash management, for the $6.9 billion San Diego County Employees Retirement Association (SDCERA).

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Mellon Financial Corporation announced that its Global Securities Services group will become the sole provider of custody and related services, including, performance analytics, securities lending and global cash management, for the $6.9 billion San Diego County Employees Retirement Association (SDCERA). Mellon also will provide cash sweep and foreign exchange services.

“Mellon’s breadth of offerings and reputation for client service are especially attractive to us,” said Mark Mimnaugh, chief operating officer of the SDCERA. “The ability to provide differentiating services such as performance analytics is becoming increasingly important in the marketplace.”

“We are pleased to provide custody and associated services to the San Diego County Employees Retirement Association,” said Vince Sands, executive director, U.S. Trust Services. “Custody continues to be a cornerstone of Mellon’s asset servicing business.”

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