BNY Mellon to provide global custody for WRS 16 March 2018Wichita Reporter: Jenna Lomax
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Wichita, Kansas Retirement Systems (WRS) has selected BNY Mellon to provide global custody, accounting and reporting, compliance monitoring, benefit disbursements, securities lending and cash sweep.
WRS provides retirement and survivor annuities, disability benefits, death benefits, and other benefits for the public employees and retirees of Wichita, Kansas.
Pam Beim, pension manager at WRS, said: “Wichita Retirement Systems selected BNY Mellon to provide custody services, due to their unmatched level of understanding of public funds relevant in today’s market. We look forward to partnering with their experienced specialists that are focused on relationship-building and client satisfaction.”
Dan Smith, head of BNY Mellon’s asset servicing in the Americas, commented: “We are excited to be appointed by the WRS and look forward to supporting them and their constituents.”
He added: “Our unmatched servicing team, technology, stable balance sheet, and industry expertise will help them achieve their investment goals, so the people of Wichita can receive their pension benefits.”
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