Taiwan's Bureau of Labour Insurance picks BNY Mellon for a $1 billion custody and admin mandate, and may add an external manager for its growing overseas investments.
The Bureau of Labour Insurance will select just one custodian bank for the renewable five-year contract as it looks to broaden its international asset allocation.
The Bureau of Labor Insurance names MFS, BlackRock and Amundi to manage $200 million each. They were selected on the strength of their developed market expertise.