BNY Mellon Asset Servicing awarded EUR 2.7 billion custody mandate by Goudse Insurance Group

Feb 11, 2010

LONDON & AMSTERDAM, 11 February 2010 — BNY Mellon Asset Servicing, the global leader in securities servicing, has been appointed to provide core custody and related services by Goudse Insurance Group for assets valued at EUR 2.7 billion. Goudse Insurance Group is a Dutch insurance company that focuses on general and life insurances.

In addition to global custody, BNY Mellon will provide a range of services including confirmation and affirmation, investment accounting, performance measurement and enhanced reporting via BNY Mellon's Workbench platform.

"After undertaking a thorough review process, we selected BNY Mellon because we believed they were best-equipped to help meet our long-term business objectives," said Wim Eikelboom, Managing Director Finance, Goudse Insurance Group. "The strength and flexibility of their accounting and reporting platform, combined with their focus on a strategic vision for client service, made BNY Mellon a logical choice."

"Risk management and transparency are right at the top of agenda when we are talking to Dutch institutions," said Nadine Chakar, head of Europe, Middle East and Africa (EMEA), BNY Mellon Asset Servicing. "As the regulators continue to evolve their risk management legislation, we will continue to invest in our product suite to ensure our clients have access to the most sophisticated accounting, reporting and measurement tools they need."

Workbench is BNY Mellon's award-winning, browser-based information delivery platform. It is an integrated site on the web where clients have access to a variety of intellectual properties, reports, and transaction data provided by BNY Mellon Asset Servicing.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.