ITALY - At least two Italian pension funds have dropped Monte dei Paschi di Siena (MPS) as custodian after Intesa San Paolo's (ISP) acquisition of the firm's custodian business led to conflicts of interests in their manager line-ups.
Pension funds Previmoda and Byblos told Global Pensions that besides having a custodian mandate in place with MPS, they also had asset management mandates in place with Eurizon - a money manager ow...
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