US - Mellon Financial Corporation has been appointed custodian to the US$6.9bn San Diego County Employees Retirement Association (SDCERA).
Alongside its role as sole provider of custody, the corporation’s Global Securities Services arm will also deliver performance analytics, securities lending, global cash management, plus cash sweep and foreign exchange services.
Mark Mimnaugh, SDCERA’s chief operating office, said: The ability to provide differentiating services such as performance analytics is becoming increasingly important in the marketplace.
SDCERA provides retirement benefits for approximately 33,000 employees, former employees, and retirees of the county of San Diego.
Story by Lisa Haines
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