Dutch fund taps J.P. Morgan for custody

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NETHERLANDS - Stichting Bedrijfstakpensioenfonds voor de Groothandel in Levensmiddelen (Bpf GIL) has hired J.P. Morgan Worldwide Securities Services as global custodian for its €500m ($700.6m) scheme.

Aon Hewitt led the selection process, the firm said. Benjie Fraser, practice lead for J.P. Morgan Worldwide Securities Services' pension fund business in Europe, said: "J.P. Morgan continues to...

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