Custodians parade for Nippon Life Insurance

Competition for the insurer''s $40 billion in global assets heats up as one custodian predicts a July announcement for the mandate.

In a business where volume matters, Nippon Life Insurance's $40 billion book of offshore assets will be a big win for the global custodians that have been short-listed for the account which has been up for grabs for more than six months now.

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