BNY Mellon wins $16.4bn mandate from Rabobank
18 June 2011 London
Image: Shutterstock
BNY Mellon Asset Servicing has been appointed by Stichting Rabobank Pensioenfonds (Rabobank Pension Fund) in the Netherlands to provide custody and other services to assets valued at $16.4 billion.
BNY Mellon was selected as it can offer Rabobank Pension Fund a robust offering while ensuring that potential operational risks and any administrative burden is reduced to a minimum.
Frank Froud, Head of Europe, Middle East & Africa at BNY Mellon Asset Servicing, said: "Rabobank Pension Fund has a well-deserved reputation for prudence and innovation, and its close cooperation with its strategic partners means it benefits from having a highly effective and risk-averse operating model."
BNY Mellon was selected as it can offer Rabobank Pension Fund a robust offering while ensuring that potential operational risks and any administrative burden is reduced to a minimum.
Frank Froud, Head of Europe, Middle East & Africa at BNY Mellon Asset Servicing, said: "Rabobank Pension Fund has a well-deserved reputation for prudence and innovation, and its close cooperation with its strategic partners means it benefits from having a highly effective and risk-averse operating model."
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
