Custodial banks provide numerous services that are essential to the operation of public pension funds and other institutional investors.
While the primary custodial functions sometimes remain administrative, risks to your portfolio are presented when a custodian is acting as an investment advisor or otherwise exercising discretion on behalf of the fund. Some of the ancillary services now being provided by custodial banks which offer real benefits, but require significant scrutiny, include securities lending, foreign currency transactions, and claims administration.
Institutional investors are encouraged to attend this webcast presentation led by Tony Gelderman, Counsel at Bernstein Litowitz Berger & Grossmann LLP, to learn more about their rights, and the responsibilities of their custodial banks, pertaining to these services.
This free webcast is scheduled for Tuesday, June 8, 2010 at 2 p.m. Eastern. To attend, please register below.
