The Bank of New York has been appointed to serve as William T. Grant Foundations master custody and risk monitoring provider.
“The Bank of New York provides reliable and responsive custody services to many leading direct investment programs,” says Larry Moreland, vice president for finance administration and assistant treasurer of the William T. Grant Foundation. “This appointment will enable the William T. Grant Foundation to benefit from its focus on delivering a high quality service experience through the smart use of technology and professional expertise.”
“This appointment underscores our commitment to providing institutional investors with tailored combinations of custody and risk-related services through a flexible and fully automated servicing platform,” says Patrick E. Curtin, executive vice president of investor services at The Bank of New York. “The William T. Grant Foundation will benefit from our strategic focus on and dedication to helping our clients move and manage their assets anywhere in the world.”