LONDON, Oct. 18, 2016 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
been appointed by Nordea, to provide custody services for its U.S.
debt and equity portfolios valued at over $7
billion1.
Nordea is the largest financial services group in Northern Europe2 by market
capitalisation and has a leading position in corporate,
institutional, retail and private banking. It is also the leading
provider of life and pensions products to the Nordic and Baltic Sea
region. The Swedish-based company has an extensive
distribution network with approximately 650 branches, call centres
across the region and highly competitive online and mobile banking
platforms.
Joakim Gustafson, Head of Product
& Network Management at Nordea Bank, said: "Following a
thorough review process that included site visits to U.S. and EMEA
locations for a short-list of qualified institutions, we selected
BNY Mellon. We were impressed by their drive to 'go the extra mile'
and ability to combine an impressive customer technology interface
with a high-touch EMEA-U.S. service model. Another crucial factor
is that BNY Mellon has U.S. market specialists available during the
EMEA morning prior to the U.S. market opening."
"We look forward to expanding our existing relationship with
Nordea, which is primarily with BNY Mellon Markets, to also include
custody services," adds Daron
Pearce, CEO of Asset Servicing in EMEA for BNY
Mellon. "Nordea is among our most valued asset servicing
relationships in the region and will be fully supported by our team
in Copenhagen to ensure both
timely and effective communication and solutions. We remain
committed to further enhancing solutions for our Nordic clients,
notably demonstrated by the biggest technology transformation in
our history with NEXEN, our new open source, cloud-based technology
platform. NEXEN will enable us to anticipate and deliver on client
needs like never before."
Notes to editors:
BNY Mellon
BNY Mellon's Asset Servicing business supports institutional
investors in today's fast-evolving markets, safekeeping assets and
enhancing the administration of client investments through services
that process, monitor and measure data from around the world,
allowing clients to focus on the management of their investments.
We leverage our global footprint and local expertise to deliver
insight and solutions across every stage of the investment
lifecycle.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of June 30, 2016,
BNY Mellon had $29.5 trillion in assets under custody and/or
administration, and $1.7 trillion in assets under
management. BNY Mellon can act as a single point of contact for
clients looking to create, trade, hold, manage, service, distribute
or restructure investments. BNY Mellon is the corporate brand of
The Bank of New York Mellon Corporation (NYSE: BK). Additional
information is available on www.bnymellon.com. Follow us on
Twitter @BNYMellon or visit our newsroom
at www.bnymellon.com/newsroom for the latest company
news.
This press release is issued by The Bank of New
York Mellon to members of the financial press and
media.
All information and figures source BNY Mellon unless otherwise
stated as at June 30,
2016.
The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and
BR000818.
Branch office: One Canada Square,
London E14 5AL. The Bank of New
York Mellon is supervised and regulated by the New York State Department of Financial
Services and the Federal Reserve and authorised by the Prudential
Regulation Authority.
The Bank of New York Mellon London branch is subject to regulation
by the Financial Conduct Authority and limited regulation by the
Prudential Regulation Authority.
Details about the extent of our regulation by the Prudential
Regulation Authority are available from us on request.
1 Source: Nordea, December
16, 2015.
2 Source:
http://www.nordea.co.uk/1578492.html?returnPid=910010
Contact:
Malcolm Borthwick
+44 20 7163 4109
malcolm.borthwick@bnymellon.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/bny-mellon-appointed-by-nordea-as-custodian-for-over-7-billion-of-us-assets-300346503.html
SOURCE BNY Mellon