ASIA - Morgan Stanley has expanded its transition management team as it looks to grow its Asian market presence.
Richard Surrency has joined the firm as executive director in the firm's consolidated equities division and will serve as its Asia Pacific head of transition management, a new position for the firm. Global...
Pat Sharman believes traditional custodians are not serving UK pension funds well and argues it could be time to shift towards the Dutch approach.
The Bank of New York (BNY) Mellon has been fined £126m by the Financial Conduct Authority for serious failures to safeguard clients' assets.
Cambridge and Northamptonshire local government pension schemes (LGPS) have appointed Northern Trust to act as custodian of their £4bn of assets.
The Financial Services Authority is investigating State Street over allegations it overcharged some of the UK's biggest pension schemes according to the Financial Times.
Middlesbrough Council has appointed BNP Paribas to act as custodian for the £2.5bn Teesside Pension Fund.