BNY Mellon Asset Servicing awarded EUR1 billion global custody mandate by two Dutch pension funds

Feb 15, 2010

LONDON & AMSTERDAM, 15 February 2010 — BNY Mellon Asset Servicing, the global leader in securities servicing, has been appointed to provide global custody and related services by Stichting Bedrijfstakpensioenfonds voor de Suikerverwerkende Industrie and Stichting Bedrijfspensioenfonds voor de Suikerwerk- & Chocoladeverwerkende Industrie (Bpf Koek & Snoep) for assets valued at EUR 1 billion.

In addition to global custody, BNY Mellon will provide a range of services including investment accounting, performance measurement, passive currency overlay and Dutch regulatory reporting.

"Our decision to work with BNY Mellon was based not only on their very impressive track record for providing the highest quality of custody services to Dutch pension funds, but for their flexibility to accommodate our specific requirements and business objectives," said Joanne de Graaff, Employer Chairman of the Board of Trustees for Bedrijfspensioenfonds Suikerwerk en Chocolade verwerkende industrie.

"Proposed changes by the Dutch central bank are increasing the pressure on pension funds for greater transparency and robust risk management controls in respect of their investments," said Nadine Chakar, head of Europe, Middle East and Africa (EMEA), BNY Mellon Asset Servicing. "We are committed to working on behalf of our Dutch clients in the months and years ahead to ensure they meet all new regulatory requirements, increase the effectiveness of their operations and minimize exposure to risk."

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.