BNY Mellon Asset Servicing selected in Costa Rica 05 January 2011New York Reporter: Justin Lawson
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BNY Mellon Asset Servicing, has been named to provide global custody for an $800 million investment portfolio of equities, fixed income and U.S. Treasury bonds by Banco Nacional de Costa Rica, the largest commercial bank in Costa Rica.
"BNY Mellon has a comprehensive set of services to complement custody," said Jose Antonio Vasquez Rivera, custody supervisor of Banco Nacional. "This breadth of offerings and BNY Mellon's advanced securities servicing platform were among the reasons behind our decision to select the firm to provide custody for this portfolio."
"We are pleased to extend our relationship with Banco Nacional de Costa Rica," said Michael Kalavritinos, managing director, BNY Mellon Asset Servicing. "We have provided Treasury services since 2003 to the bank, which also has served as our sub-custodian in Costa Rica."
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