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BNY Mellon named custodian for USD6.5bn New Hampshire Retirement System

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BNY Mellon has been named global custodian by the New Hampshire Retirement System (NHRS), with more than USD6.5bn in pension fund assets.

BNY Mellon will provide custody, accounting, foreign exchange, cash sweep and global risk services to NHRS.
 
NHRS was established in 1967 as a contributory, public employee defined benefit pension plan. It has more than 85,000 members comprising state, county and municipal employees, teachers, police officers, and firefighters. NHRS has 475 participating employers – the State of New Hampshire, individual communities, school districts, counties, and others.
 
"We work hard to advance the investment services products and platforms that public funds like New Hampshire Retirement System rely on to make informed decisions on behalf of plan members," says George Gilmer, chief executive officer for asset servicing – Americas at BNY Mellon. "We look forward to partnering with NHRS and delivering unmatched support in every phase of our relationship."

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