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DRESDNER RCM WINS£14M MANDATE FROM HASTINGS BC

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Hastings BC today awarded a£14m cash mandate to Dresdner RCM Global Investors following a competitive selection pr...
Hastings BC today awarded a£14m cash mandate to Dresdner RCM Global Investors following a competitive selection process advised by Sector Treasury Service Limited. The cash will be managed as a segregated portfolio, by Dresdner RCM's dedicated local authority cash management team.
Dresdner RCM manages funds for 44 local authority clients, with assets totalling around£850m.
Martin Campbell, assistant director, public sector business development at Dresdner RCM said: 'As a house, we are committed to increasing our cash management services for local authorities and will continue to build on the success of this product for a sector we consider to be of key importance to us.'
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