BLI picks overseas custodian, mulls external manager

Taiwan’s Bureau of Labour Insurance (BLI) has chosen BNY Mellon to provide custody and admin for its National Pension Insurance Fund, but has yet to decide whether to turn to external managers for its growing overseas investments. BLI issued a request for proposal for the $1 billion custody mandate back in February – the first time it has done so for NPIF to meet its overseas asset allocation needs. The five-year contract will see BNY Mellon provide global custody, fund accounting, pe…