HSBC extends custody of N Ireland pension scheme 22 October 2012Northern Ireland Reporter: Georgina Lavers
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HSBC Securities Services (HSS) has secured an agreement with Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC) to continue to provide global custody services. The scheme is Northern Ireland’s largest pension scheme, valued at over £4 billion.
Pat Sharman, head of relationship management pensions within HSS’ fund services business said: “NILGOSC is a highly valued client of HSS and one with whom we enjoy a successful and longstanding relationship and we are delighted to have been re- selected.”
Nicola Todd, deputy secretary at NILGOSC said: “Asset safety is our primary concern and we are very pleased to have reappointed HSBC as our global custodian. We look forward to receiving the excellent client service we have come to expect from HSBC.”
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