BNY Mellon has been selected to provide custody and securities lending services for Danish insurance company Topdanmark A/S.
Topdanmark’s international equity and bond portfolios are valued at $2.8 billion.
Henrik Thornval, head of asset management at Topdanmark, said: “BNY Mellon’s long-standing commitment to providing custody services, evidenced by its ability to combine an impressive customer technology interface with a high-touch service model, were key factors in our decision to appoint the investments company as our new provider.”
Brian Blanchard, managing director of asset servicing in the Nordic Markets at BNY Mellon, added: “Topdanmark joins a client base of over 30 asset servicing clients supported by our Nordic team which is spearheaded by our relationship managers in Copenhagen.”
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