LONDON, February 27, 2014 – BNY Mellon, a global leader in investment management and investment services, has been reappointed by the London Borough of Croydon Pension Fund (‘the Pension Fund’) to provide custody, fund administration and cash management services to assets valued at £668 million.
Nigel Cook, Head of Pensions & Treasury at the Pension Fund, said: "The strength of BNY Mellon’s service offering and the depth of the team’s expertise were clearly demonstrated during the extensive benchmarking exercise we have recently undertaken in association with Amaces.”
Hani Kablawi, Head of Asset Servicing, Europe, Middle East & Africa at BNY Mellon, said: “We have established a strong and productive relationship with the Borough of Croydon and we look forward to building on that going forward. At BNY Mellon we have continued to develop and refine our offering for pension funds in the UK as well as Continental Europe to ensure they have the comprehensive and value-for-money suite of solutions that addresses their evolving needs around asset safety, cash management, fund accounting and risk mitigation.”
BNY Mellon's Asset Servicing business supports institutional investors in today’s fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. 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 December 31, 2013, BNY Mellon had $27.6 trillion in assets under custody and/or administration and $1.6 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 or follow us on Twitter @BNYMellon.