Services to include global and domestic custody, institutional accounting and securities lending for the agency.
Tag: Pension fund
The pension fund said it selected Northern Trust for global custody and asset servicing based on the bank’s client service and technology.
New research from State Street shows the majority of institutional investors have faith in their asset managers’ ability to navigate the crisis.
Northern Trust has been appointed the global custodian for the University of Victoria (UVic) to service its CAD$ 2 billion of pension and foundation assets.
Korea has become a key part of BNY Mellon’s APAC strategy after it won a global custody mandate from the National Pension Service of Korea in late-2018.
Securities lending experts argue beneficial owners are taking greater ownership over their governance responsibilities and applying these principles to securities lending programmes.
New working group will look to solve complications for pension funds in providing cash collateral as variation margin.
Ohio State Treasurer stated in a memo the move would “reduce overall fees" from its current custodian.
The mandate suggests larger-sized asset owners and asset managers now see outsourced trading as a viable solution for their investment operations.