Chase Manhattan Bank has beaten eight rival banks to win a £30bn (€50bn) mandate of UK pension fund assets.

The significant win sees Chase strengthening its relationship with Hermes Investment Management and two of the UK's largest pension funds. The £30bn is assets managed by Hermes on behalf of the £25bn-plus BT pension scheme and the £18bn-plus Post Office pension plan.

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Chase snares £30bn custody mandate

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