mast image

Special Report

Impact investing

Sections

BoNY scoops $17bn in custody mandates

US- Two Iowa state pension schemes have selected the Bank of New York to provide a range of investment services for their assets of $16bn.

The Bank will provide compliance reporting, custody, performance measurement, and securities lending for the Iowa Public Employees Retirement System and the Iowa Police Officers’ retirement, accident and disability System.

Iowa State treasurer Michael Fitzgerald says: “we conducted an exhaustive review of the qualified service providers, which led to the selection of The Bank of New York which demonstrated a strong understanding of our needs and proposed highly customized solutions.”

The appointment coincides with US paint company Sherwin-Williams appointing the Bank of New York as master trustee for its defined benefit pension assets of $500m. BoNY will also provide performance measurement and analytics, compliance monitoring tools and benefit distribution.

Sherwin-Williams Company is a manufacturer, distributor and retailer of paint and related products and it employs more than 25,000 people.

Investment house Hansard Financial has also asked BoNY to provide transfer agency, depository, administration and custody services to its recently launched OEIC, Hansard Global Funds, valued at £450m.

BoNY has assets of $6.9trn under custody.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

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

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<