Cometa awards BNP Paribas a €5bn custodian mandate

clock •

ITALY - Italy's largest pension fund Fondo Cometa has appointed BNP Paribas as its new custodian for its €5bn (US$6.8bn) portfolio.

The appointment is the result of an international tender the fund launched last year. BNP Paribas will replace Intesa San Paolo (ISP), which last year indirectly lost business from pension funds...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Giovanni Legorano

View profile
More from Giovanni Legorano

FEATURE: Dutch funding levels battered by low discount rates

Ready for new scenarios

More on Italy

Italy

Mercer makes leadership changes to Italy business

ITALY - Mercer has strengthened its management team in Italy with four internal appointments.

Jaishree Kalia
clock 01 February 2011 •
Italy

Pegaso allocates €60m in to SSgA

ITALY - Fondo Previdenziale Pegaso, the pension fund for employees in the Italian utility services, has hired State Street Global Advisors to run a €60m (US$76m) active fixed income mandate.

Jaishree Kalia
clock 07 September 2010 •
Italy

Italy raises retirement age by three years

ITALY - The Italian government has raised the retirement age by three years as part of sweeping austerity measures.

Chris Panteli
clock 30 July 2010 •
Trustpilot