KAS BANK N.V. has been awarded a global custody mandate by the GBP 320 million Norcros Security Plan in consultation with CAMRA Investment Consulting.

KAS BANK provides custody, investment accounting, performance measurement and cash management services to the Plan’s funds managed by Henderson Global Investors, Liontrust, State Street Global Advisors and Merrill Lynch Investment Managers.

Kate Parker, Sales for UK Institutional Investors said: -

"We are extremely pleased to be appointed as the custodian for the Norcros Security Plan. Over the past two years KAS BANK has made consistent progress in establishing itself as a specialist and independent custody provider for pension schemes in the UK. This win further confirms our commitment to the pension industry and the UK market."