Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. Nebraska Investment Council selects MUFG Investor Services’ GSLS
Industry news

Nebraska Investment Council selects MUFG Investor Services’ GSLS


10 September 2024 US
Reporter: Carmella Haswell

Generic business image for news article
Image: adragan/stock.adobe.com
MUFG Investor Services’ Global Â鶹´«Ã½ Lending Solutions (GSLS) group has been selected by the Nebraska Investment Council (NIC) for securities lending services.

The NIC is an independent state agency based in Lincoln, Nebraska. It determines and manages approximately US$40 billion of investments across 32 different entities.

Its core mission is to manage the funds entrusted by the people in the state of Nebraska.

In 2023, the NIC was involved in a request for proposal (RFP) project with AON, to create a successful custodian and securities lending agent RFP.

Aon collected data from State Street surrounding the services, fees and securities lending details provided to the NIC.

From this, Northern Trust was elected as custodian for the NIC, where it would then provide asset management and asset servicing solutions, including custody and portfolio analytics for its pension fund, and MUFG was selected for third party securities lending.

Anthony Toscano, head of GSLS in the Americas at MUFG Investor Services, says: “We are extremely pleased to have been selected by the Nebraska Investment Council, which has been a long-time participant in the securities lending market.

“In Nebraska, we are excited to have a new client who seeks a more personalised and customised approach to their securities lending programme.â€
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ State Street
→ Northern Trust

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Custodian

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →