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BNY Mellon Named Custodian for $6.5 Billion New Hampshire Retirement System

BNY Mellon, the global leader in investment management and investment services, announced that it has been named global custodian by the New Hampshire Retirement System (NHRS), with more than $6.5 billion in pension fund assets. BNY Mellon will provide custody, accounting, foreign exchange, cash sweep and global risk services to NHRS.

The New Hampshire Retirement System was established in 1967 as a contributory, public employee defined benefit pension plan. It has more than 85,000 members comprising state, county and municipal employees, teachers, police officers, and firefighters. NHRS has 475 participating employers – the State of New Hampshire, individual communities, school districts, counties, and others.

"We work hard to advance the investment services products and platforms that public funds like New Hampshire Retirement System rely on to make informed decisions on behalf of plan members," said George Gilmer, chief executive officer for Asset Servicing–Americas at BNY Mellon. "We look forward to partnering with NHRS and delivering unmatched support in every phase of our relationship."

BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.