Copying and distributing are prohibited without permission of the publisher
Deutsche wins sec lending mandate
19 March 2013
Connecticut Retirement Plans & Trust Funds has yet to make a decision on its search for a master custodian
Connecticut Retirement Plans & Trust Funds
Deutsche Bank has won a securities lending mandate from Connecticut Retirement Plans & Trust Funds (CRPTF), according to reports.
State Street has been the pension fund’s master custodian since 1996 and its contract expires at the end of June.
Reports said a decision on the fund's search for a master custodian – excluding securities lending services - has been deferred while a review is carried out of fee proposals from State Street Bank & Trust Co. and BNY Mellon Asset Servicing.