National Pension Service of Korea selects BNY Mellon as custodian
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National Pension Service of Korea selects BNY Mellon as custodian 28 September 2018Jeonju Reporter: Maddie Saghir
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National Pension Service of Korea (NPS) has selected BNY Mellon to be the global custodian for their fixed income mandate.
NPS oversees South Korea’s public pension assets and is the world’s third largest pension fund.
Rohan Singh, Asia Pacific head of asset servicing, BNY Mellon, said: “We are delighted and honoured to be given this opportunity to serve the National Pension Service of Korea, one of the world’s largest pension funds.”
“This appointment further affirms the value BNY Mellon provides through its integrated servicing and data solutions to key institutional investors.”
Singh added: “We are committed to providing robust data management and performance attribution capabilities to help asset owners address their investment challenges in an increasingly complex market environment.”
Ji Sang Don, country executive for BNY Mellon in Korea, commented: “Korea is a strategically important market for BNY Mellon in Asia-Pacific. As we continue to expand our business in Korea, we operate with the same high level of commitment to service and quality.”
“It’s what makes BNY Mellon unique and helps us remain a trusted partner to our Korean clients. We look forward to a long-term partnership with the National Pension Service of Korea, especially in its growing overseas investment area.”
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