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Chase GIS Selected by Virginia Treasury Department

The Global Investor Services (GIS) division of Chase Manhattan Bank was selected by the Commonwealth of Virginia Treasury Department (CVTD) as custodian of its $6.5 billion in assets. Chase will provide the CVTD with custody; accounting valuation; securities lending; performance measurement; compliance; Internet technology through Chase Workspace; and account record keeping from 1 December, 2000.

GIS is one of the world’s largest providers of custody and investor related services, with $6 trillion in assets under custody, of which $2.3 trillion are global custody assets. GIS provides investor services in over 80 markets to mutual funds, investment managers, pension funds, insurance companies and banks globally.

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