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Products April 2, 2002
Mellon Global Signs Hertfordshire
February 16, 2001 (PLANSPONSOR.com) - The
Hertfordshire County Council in England has named ABN AMRO
Mellon Global Securities Services its global custodian for
the county council's pension funds totaling some $1.95
billion.
Reported by Charles Epstein
ABN AMRO Mellon will be managing core custody, investment accounting and consolidated reporting for the fund.
A fund official, Jill Laycock, Hertfordshire County Council’s corporate accountancy group manager, said the fund decided to appoint a global custodian “in order to streamline administration and to enable us to take advantage of added-value services in the future,” such as stock lending and cash management.
ABN AMRO Mellon Global Securities Services was formed in November 1998 to deliver an array of global custody services.