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BNY Mellon Gets Textron DB Mandate

Textron has appointed BNY Mellon Asset Servicing as its global custodian.

Textron has appointed BNY Mellon Asset Servicing as its global custodian. The investment manager will act as a custodian for the conglomerate's $4.2 billion defined-benefit retirement plan.

BNY Mellon Asset Servicing will replace State Street in the new role, Pensions & Investments reports. BNY Mellon has $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management.

Click here for the release from PR Newswire.

Click here for additional coverage from Pensions & Investments.

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