BNY Mellon has been appointed to provide global custody and related services by Stichting Bedrijfstakpensioenfonds voor de Suikerverwerkende Industrie and Stichting Bedrijfspensioenfonds voor de Suikerwerk- & Chocoladeverwerkende Industrie (Bpf Koek & Snoep) for assets valued at EUR1bn. In addition to global custody, BNY Mellon will provide a range of services including investment accounting, performance measurement, passive currency overlay and Dutch regulatory reporting.
"Our decision to work with BNY Mellon was based not only on their very impressive track record for providing the highest quality of custody services to Dutch pension funds, but for their flexibility to accommodate our specific requirements and business objectives," said Joanne de Graaff, employer chairman of the board of trustees for Bedrijfspensioenfonds Suikerwerk en Chocolade verwerkende industrie.
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