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Article: The Bank of New York Appointed By New York Life Insurance Company to Provide Custody Services.
- Article from:
- PR Newswire
- Article date:
- April 7, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Feb. 29 /PRNewswire/ --
The Bank of New York announced today that it has been appointed by New York Life Insurance Company to provide custody services for its mortgage-backed securities portfolio.
Jay Calhoun, treasurer of New York Life Insurance Company, said, "After an extensive due diligence process, we chose The Bank of New York because of its clear commitment to the securities processing business and its willingness to develop customized solutions to meet our specific business needs."
Patrick E. Curtin, senior vice president and global head of insurance, The Bank of New York, stated, "The Bank of New York looks forward to working ...