BNY Mellon, a global leader in investment management and investment services, has been selected by the National Pension Service of Korea (NPS), one of the world’s largest pension funds, to be the global custodian for their fixed income mandate.
“We are delighted and honored 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,” said Rohan Singh, Asia Pacific Head of Asset Servicing, BNY Mellon. “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.”
“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,” says Ji Sang Don, Country Executive for BNY Mellon in Korea.
NPS, which oversees South Korea’s public pension assets, is the world’s third largest pension fund. As of June 2018, it has total assets under management of around $600 billion, of which $200 billion is being invested globally across 68 markets.
About BNY Mellon
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. As of June 30, 2018, BNY Mellon had $33.6 trillion in assets under custody and/or administration, and $1.8 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.