UK – Mold based Flintshire County Council, in North East Wales, has appointed Deutsche Bank as global custodian for the £556m (e929m) Clwyd Pension Fund.

“ Deutsche Bank is able to support all of our business needs. We were impressed with its systems, its approach to minimising risk and reporting capabilities,” says councillor Ted Evans, chair of the investment panel at Flintshire.

The German bank has assets under custody of e4.1trn.