Products March 11, 2002
Verizon Connects With Mellon
November 27, 2000 (PLANSPONSOR.com) - Verizon has picked Mellon as Master Trustee for the $17 billion former GTE defined benefit plan, expanding the current $60 billion Mellon currently administers for the Bell Atlantic programs.
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Bell Atlantic changed its name to Verizon after its merger with GTE.
Verizon also named Mellon Institutional Asset Management as the newest member of its Strategic Partner Network to manage a portion of its pension plan assets.
As master trustee, Mellon will provide Verizon with custody, accounting, and securities lending services for their defined benefit plan.
– Nevin Adams firstname.lastname@example.org