UK - Merseyside Pension Fund has selected State Street to provide custody, securities lending, cash management and foreign exchange services.
The e4.6bn Merseyside Pension fund administers the pension scheme for local authority employees as well as the Firefighter’s Pension Scheme.
“We are pleased to have appointed State Street, who were highest placed in our competitive tendering process,” said John Parry, Assistant Director of Finance for the Merseyside Pension Fund. “Their commitment to the technology supporting the pension fund industry and their focus on risk controls were significant factors in leading us to award them the contract for global custody services.
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