Illinois pension fund adds Deutsche for sec lending
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Illinois pension fund adds Deutsche for sec lending 15 May 2012Illinois Reporter: Georgina Lavers
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The State Universities Retirement System Board of Trustees (SURS) voted on 26 April 26 to retain Northern Trust as provider of custodial services for the organisation.
In addition, the board voted to hire Deutsche Bank to act as the system’s securities lending agent. As directed by the board, SURS has chosen to implement a risk-averse strategy while continuing to maintain a lending program.
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