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Florida Selects Finalists For $160B Mandate
Florida State Board of Administration has chosen three finalists for a global master custodian mandate to mange $160.3 billion in assets.
Florida State Board of Administrationhas chosen three finalists for a global master custodian mandate to mange $160.3 billion in assets,Pensions & Investmentsreports.摩根大通(JP Morgan Chase),State Street Bank & TrustandBank of New York Mellonare the finalists.
BNY Mellon currently manages the system’s $131.3 billion defined benefit plan, whose contract will expire in 2012, and its $6.3 billion defined contribution plan, which will expire at the end of 2011.RV Kuhns & Associatesis assisting the board in the global master custodial search.
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