BNY Mellon Named Custodian for $6.5 Billion New Hampshire Retirement System
NEW YORK, Nov. 6, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, announced that it has been named global custodian by the New Hampshire Retirement System (NHRS), with more than $6.5 billion in pension fund assets. BNY Mellon will provide custody, accounting, foreign exchange, cash sweep and global risk services to NHRS.
The New Hampshire Retirement System was established in 1967 as a contributory, public employee defined benefit pension plan. It has more than 85,000 members comprising state, county and municipal employees, teachers, police officers, and firefighters. NHRS has 475 participating employers – the State of New Hampshire, individual communities, school districts, counties, and others.
"We work hard to advance the investment services products and platforms that public funds like New Hampshire Retirement System rely on to make informed decisions on behalf of plan members," said George Gilmer, chief executive officer for Asset Servicing–Americas at BNY Mellon. "We look forward to partnering with NHRS and delivering unmatched support in every phase of our relationship."
BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2013, BNY Mellon had $27.4 trillion in assets under custody and/or administration, and $1.5 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at bnymellon.com, or follow us on Twitter @BNYMellon.
Joseph F. Ailinger Jr.
SOURCE BNY Mellon