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.
Reported by editors@plansponsor.com
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 editors@plansponsor.com
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