Florida announces shortlist for master mandate
The Florida State Board of Administration has picked three firms to go on the shortlist for its $160 billion global master custody mandate.
J.P. Morgan, State Street and BNY Mellon are all in the hunt. BNY Mellon already manages the systems $131 billion defined benefit plan and its $6.3 billion defined contribution plan.
RV Kuhns is consulting with the board in its search.
