UK - ABN AMRO Mellon Global Securities has been hired to provide custody and accounting services for the e1.8bn Kvaerner's UK pension arrangements.
Mellon Financial Corporation has been appointed in a similar capacity for Kvaerner’s US plan. Nadine Chakar, CEO of ABN AMRO Mellon said, “Sophisticated multinationals such as Kvaerner are seeking new...
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.