NPS picks State Street for global equity custody

Nov 7, 2013

Korea's $370 billion state retirement fund has awarded its global equity custody mandate to State Street, replacing Citi, while JP Morgan retains its foreign bond custody contract.

NPS picks State Street for global equity custody

State Street and JP Morgan won global custody mandates last week from Korea’s National Pension Service (NPS) in what is said to have been a two-phase bidding process.

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