Source: Bank of New York
The Bank of New York, a global leader in securities servicing, has been appointed by the William T. Grant Foundation to provide master custody and risk monitoring services.
Larry Moreland, vice president for finance administration and assistant treasurer of the William T. Grant Foundation, said, "The Bank of New York provides reliable and responsive custody services to many leading direct investment programs. This appointment will enable the William T. Grant Foundation to benefit from its focus on delivering a high quality service experience through the smart use of technology and professional expertise."
Patrick E. Curtin, executive vice president of investor services at The Bank of New York, said, "This appointment underscores our commitment to providing institutional investors with tailored combinations of custody and risk-related services through a flexible and fully automated servicing platform. The William T. Grant Foundation will benefit from our strategic focus on and dedication to helping our clients move and manage their assets anywhere in the world."