厙惇勛圖

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
≔ Menu
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Buy side news
  3. Deutsche Bank nabs pension fund mandate
Buy side news

Deutsche Bank nabs pension fund mandate


08 May 2014 South Carolina
Reporter: Mark Dugdale

Generic business image for news article
Image: Shutterstock
South Carolina Retirement Systems has mandated Deutsche Bank as its first third-party securities lending agent, according to reports.

The South Carolina Retirement System Investment Commission reportedly approved COO Greg Rybergs recommendation to install Deutsche Bank at a recent meeting concerning the $27 billion pension fund.

BNY Mellon is the pension funds custodian, having renewed its mandate at the end of last year. The bank has acted as its custodian since 2007.

The bank previously handled all securities lending activities for the pension fund.

In its 2012 to 2013 Annual Investment Report, the pension fund revealed that, under BNY Mellons leadership, the gross securities lending revenue for the 麍scal year was $2.5 million, an increase from $1.4 million in the prior year.

A Deutsche Bank spokesperson declined to comment.
← Previous buy side article

HSBC bags 瞿6.5 billion mandate
Next buy side article →

Citi lands NBIM mandate
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 厙惇勛圖 Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ BNY Mellon

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Custodian

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →