Tate & Lyle Group Pension Scheme has appointed State Street Corporation as its sole global custody and administration provider for the £600m (€923.1m) fund.

Custody was previously handled by Deutsche Bank's custody arm, which was bought by State Street last year. A spokesman for Tate & Lyle said the review process on the madate had already started when the deal was announced.

State Street gets Tate & Lyle custody mandate

Pirkko Juntunen

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