LONDON, Aug. 4, 2015 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
been appointed by Topdanmark A/S, Denmark's second largest insurance company, to
provide custody and securities lending services for its
international equity and bond portfolios which are valued at
$2.8 billion.
Henrik Thornval, Head of Asset Management at Topdanmark, said:
"BNY Mellon's long-standing commitment to providing custody
services, evidenced by its ability to combine an impressive
customer technology interface with a high-touch service model, were
key factors in our decision to appoint the investments company as
our new provider."
"Topdanmark joins a client base of over 30 asset servicing
clients supported by our Nordic team which is spearheaded by our
relationship managers in Copenhagen," adds Brian Blanchard, Managing Director of Asset
Servicing, Nordic Markets at BNY Mellon. "As financial markets and
the regulatory landscape continue to evolve BNY Mellon remains
committed to investing in its staff, services and client seminars -
which cover topics such as tax and regulation - to ensure that we
can support our clients across the region."
Notes to editors:
Topdanmark
Topdanmark is Denmark's second largest insurance company,
and the only company which combines non-life insurance, life
insurance and pension fund business. Topdanmark's principal
task is to help people through responsible management of their
insurance policies or pension schemes. Topdanmark strives to give
its customers the feeling that they are in good hands and
well-helped when they need it.
Topdanmark has a wide and numerous range of customers, i.e. more
than one million personal customers, every second Danish farm and
one in six businesses in Denmark.
It is an exciting challenge to supply attractive and up-to-date
products to modern consumers and to be a competent partner in a
lively and dynamic market.
BNY Mellon
BNY Mellon's Asset Servicing business
supports institutional investors in today's fast-evolving markets,
safekeeping assets and enhancing the administration of client
investments through services that process, monitor and measure data
from around the world, allowing clients to focus on the management
of their investments. 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 June 30, 2015, BNY Mellon had $28.6 trillion in assets under custody and/or
administration, and $1.7 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.
This press release is issued by The Bank of New
York Mellon to members of the financial press and media. All
information and figures source BNY Mellon unless otherwise stated
as at June 30, 2015.
The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818. Branch
office: One Canada Square,
London E14 5AL. The Bank of New
York Mellon is supervised and regulated by the New York State Department of Financial
Services and the Federal Reserve and authorised by the Prudential
Regulation Authority. The Bank of New York Mellon London branch is
subject to regulation by the Financial Conduct Authority and
limited regulation by the Prudential Regulation Authority. Details
about the extent of our regulation by the Prudential Regulation
Authority are available from us on request.
Contact: Malcolm
Borthwick
+44
020 7163 4109
malcolm.borthwick@bnymellon.com
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SOURCE BNY Mellon