ABN AMRO Mellon Awarded EUR 1.5 Billion Mandate by Bpf Meubel in the Netherlands

PR Newswire
LONDON
(NYSE:BK)
Oct 12, 2007

LONDON, October 12, 2007 — ABN AMRO Mellon Global Securities Services B.V. has been appointed by Stichting Bedrijfstakpensioenfonds voor de Meubelindustrie en Meubileringsbedrijven (Bpf Meubel) to provide global custody and related services for assets valued at EUR 1.5bn.

Bpf Meubel is the primary pension scheme in the Netherlands for employees in the furniture and furnishing industry.

ABN AMRO Mellon was selected as full service provider to Bpf Meubel's assets following a thorough RFP process overseen by consultants Goris & Partners.

The full scope of the mandate comprises global custody, investment accounting, Dutch regulatory reporting, online information delivery, performance measurement, attribution, analytics, compliance monitoring and securities lending.

G.H. Nieuwenhuis, Secretary and Member of the Board of Trustees at Bpf Meubel, said: "Given the scope of their operation in the Netherlands, the breadth and depth of its team's knowledge of the pensions industry and its class-leading reporting capabilities, ABN AMRO Mellon was by some margin our preferred candidate."

Nadine Chakar, CEO at ABN AMRO Mellon, said: "I am delighted that Bpf Meubel has confirmed our appointment and my team and I look forward to working closely with them. The Netherlands is one of our two 'home markets' and our commitment to our Dutch clients remains unwavering. Our ability to deliver flexible, creative and comprehensive solutions to those clients on a consistent basis is why we are today the leading asset servicing provider in the Netherlands."

ABN AMRO Mellon Global Securities Services B.V. is a 50-50 joint venture between ABN AMRO Bank N.V. and Mellon Bank, N.A. It provides global custody and related services to institutions around the world outside North America. The company combines ABN AMRO's worldwide servicing presence with Mellon's advanced technology and product capabilities. Value-added products and services include compliance monitoring, investment accounting, performance measurement and analytics. News and other information about ABN AMRO Mellon Global Securities Services are available at www.abnamromellon.com.