ATP selects BNY Mellon for asset servicing
July 8, 2019

BNY Mellon has been appointed by Arbejdsmarkedets Tillægspension (ATP), Denmark's mandatory government pension scheme, to provide custody, trade support and collateral management services for its US$100 billion of assets.

ATP is Denmark's largest pension fund and one of the largest in Europe. It has over five million members – including more than a million pensioners – and provides income-related pensions supplementary to the Danish state-funded old-age pension.

BNY Mellon says it was appointed following a very focussed and detailed public procurement process that started in late 2018.

Kenneth Hallum Knudsen, Senior Vice President, Business Support in ATP, said: "Our choice of global custodian has a significant importance for our daily business and our ability to act fast and effectively. ATP wants strong and competitive partners, which is why – from several competent bids – we have chosen BNY Mellon as global custodian based on both quality, services and price. With this new agreement we get a fair financial saving combined with even better solutions and services."

Daron Pearce, EMEA CEO, Asset Servicing at BNY Mellon, said: "The appointment underscores BNY Mellon's strong commitment to the Danish and wider Nordic market, and demonstrates the depth and breadth of our experience and technological infrastructure to meet the needs of large, sophisticated pension schemes and other asset owners."





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

BNY Mellon has been appointed by Arbejdsmarkedets Tillægspension (ATP), Denmark's mandatory government pension scheme, to provide custody, trade support and collateral management services for its US$100 billion of assets.

ATP is Denmark's largest pension fund and one of the largest in Europe. It has over five million members – including more than a million pensioners – and provides income-related pensions supplementary to the Danish state-funded old-age pension.

BNY Mellon says it was appointed following a very focussed and detailed public procurement process that started in late 2018.

Kenneth Hallum Knudsen, Senior Vice President, Business Support in ATP, said: "Our choice of global custodian has a significant importance for our daily business and our ability to act fast and effectively. ATP wants strong and competitive partners, which is why – from several competent bids – we have chosen BNY Mellon as global custodian based on both quality, services and price. With this new agreement we get a fair financial saving combined with even better solutions and services."

Daron Pearce, EMEA CEO, Asset Servicing at BNY Mellon, said: "The appointment underscores BNY Mellon's strong commitment to the Danish and wider Nordic market, and demonstrates the depth and breadth of our experience and technological infrastructure to meet the needs of large, sophisticated pension schemes and other asset owners."



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site