Wells Fargo 2006 Annual Report Download - page 23
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21
Simone:“We turned to Wells Fargo because they offered us a
customized solution at a competitive price—a total package
including trustee and custody services, payment services,
performance reporting and investment guideline reporting.Their
online portal, Commercial Electronic Office, is a convenient,easy way
to track investment performance and payments. It also helps us
make sure the trust is complying with investment guidelines.
And,we get customized reports.Wells Fargo now safekeeps
about $1 billion in assets under custody for the New York City
Retiree Health Benefits Trust.”
“New York City decided to establish
a trust to fund a portion of its retiree
health care obligations. Who did the
nation’s largest city select to serve as
trustee…and why?”
Denise Zapzalka
Institutional Trust
Minneapolis, Minnesota
Simone Saywack, New York City