UK - KAS BANK has been awarded a £30m custody mandate by Stena Line (UK) pension scheme.
Under the brief, KAS will provide core custody and investment accounting services to Stena Line’s global equity fund, which is managed by Alliance Bernstein.
Mercer Investment Consulting advised the fund on the search.
“This appointment reflects the fact that we can provide a high quality service that offers value for medium-sized pension funds and demonstrates that KAS BANK has established itself as an alternative custody provider in the UK pensions market,” said Kate Parker, head of sales for UK institutional investors at KAS.
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