British Airways opts for BNY Mellon 17 April 2013New York and London Reporter: Jenna Jones
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British Airways Pension Fund has selected BNY Mellon to provide OTC derivatives and collateral management services.
Nadine Chakar, executive vice president and head of product and strategy for BNY Mellon’s global collateral services business, said: “The needs of global retirement systems have grown increasingly sophisticated given ongoing regulatory developments, the emergence of new, more complex financial instruments and today’s cross-border investment environment.”
“As an organisation, we’re focused on delivering services to work with clients at every stage of the investment lifecycle by trading, holding, managing, servicing and distributing their financial assets.”
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