State Street replaces UBS as custodian bank for Swiss government fund
ZURICH (Reuters) – U.S. bank State Street has won a mandate to act as custodian bank for a multibillion-dollar compensation fund of the Swiss federal government that was previously at UBS, authorities said on Wednesday. The decision to hand the AHV/IV/EO fund to State Street was made in December after a two-year tender process and the transfer …
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