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BNY Wins Denver Employees Custody Mandate

Denver Employees Retirement Plan has appointed BNY Mellon as new global custodian.

Denver Employees Retirement Plan has appointed BNY Mellon as new global custodian, Pensions & Investments reports. BNY Mellon will replace JP Morgan Chase.

The $1.85 billion plan has replaced JP Morgan for causing a $6 million loss in securities lending. The system is suing the bank for the losses.

Click here for the story from Pensions & Investments.

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