Global Custody

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Northern Trust announces new hire

Northern Trust Logo

Northern Trust has named Andrew Tan as the Head of Investment Risk & Analytical Services (IRAS) in Asia-Pacific, leading the delivery of technology, reporting and consulting services for institutional investors and asset managers in the region.

Morgan Stanley Gets Dismissal, BNY Mellon Rejected

Gavel

A federal judge in Manhattan on Thursday dismissed two lawsuits in which participants in Morgan Stanley's retirement plan accused the firm of mismanaging some plans by allowing participants' money to remain in its stock even as its performance faltered in 2008.

State Street Plans 630 Job Cuts

Depression, Suicide

State Street, the third- largest custody bank, said it will eliminate 630 jobs in its third round of cuts in two years to bolster profit as record low interest rates weigh on revenue from lending.

State Street CFO to Retire in 2013

State Street Logo

State Street Corporation has announced that Executive Vice President and Chief Financial Officer, Edward J. Resch, 60, has informed the company of his plan to retire in 2013, after more than a decade in the role, following the appointment of his successor and an orderly transition of the function.

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