BNY Mellon has been reselected by the Employees’ Retirement System (ERS) of the State of Hawaii to provide global custody and associated services.
BNY Mellon will provide global custody, accounting, securities lending, foreign exchange and cash management to ERS.
The bank was reappointed following a five-year review.
Thomas Williams, executive director of Hawaii ERS, said: “We are striving to raise our administrative practices and investment activities to the next level. Our in-depth review process confirmed for us that BNY Mellon is the partner best suited to support our longer-term vision and in more than a couple of areas, to enhance it.”
Robert Dollard, managing director, BNY Mellon Asset Servicing, added: “We are very pleased to be continuing our relationship with Hawaii ERS, developing solutions and implementing best practices to meet their ongoing challenges and needs, in particular, their growing focus on risk and performance analytics and reporting.”
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