mast image

Special Report

ESG: The metrics jigsaw


LBSS extends custody services

Leading Swedish bank Nordbanken AB has appointed Lloyds Bank Securities Services (LBSS) to provide sub-custody services for its UK portfolio values at £110m ($175m).

The portfolio was previously handled by Barclays Securities Services, but the arrangements were reviewed when Barclays was taken over by Morgan Stanley.

LBSS has also been appointed to provide custody services to the £20m UK portfolio of the Newey Group Pension Fund. The funds of the UK group wer previously held by stockbrokers Albert E Sharp but a review of the services it provided highlighted the need for a specialist custodian.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2575

    Asset class: Core Real Estate Muli-Manager Separate Managed Account.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-20.

  • QN-2578

    Asset class: Sovereign Local Currency Emerging Market Debt.
    Asset region: Local emerging markets.
    Size: EUR 950m.
    Closing date: 2019-12-19.

  • QN-2582

    Asset class: Emerging Market Corporate Debt Hard Currency Investment Grade.
    Asset region: Emerging Markets.
    Size: USD 40 – 60 m.
    Closing date: 2020-01-07.

Begin Your Search Here