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BNY Mellon wins Copers custody mandate
25 March 2014
Custodian also to provide securities lending to Copers' $2bn of assets
BNY Mellon has been selected by the City of Phoenix Employees'
Retirement System (Copers) to provide custody, accounting and
securities lending solutions to plan assets valued at $2bn.
"BNY Mellon's commitment to quality service and status as a
recognised market leader were key elements in our decision to
appoint them as our new custodian," said Greg Fitchet,
investment officer at Copers. "In addition, a number of
capabilities offered by its Workbench platform will
significantly improve our efficiency in the area of document
"This appointment attests to our ability to deliver a
comprehensive package of innovative investment services to
large plan sponsors," said Samir Pandiri, executive vice
president and global head of asset servicing at BNY Mellon.
As of December 31 2013, BNY Mellon had $27.6trn in assets under
custody and/or administration and $1.6trn in assets under