17 June 2011
Reporter: Justin Lawson
Rabobank mandate awarded to BNY Mellon
BNY Mellon Asset Servicing has been appointed by Stichting Rabobank Pensioenfonds (Rabobank Pension Fund) in the Netherlands to provide custody and other services to assets valued at $16.4 billion.
Various asset servicing capabilities, including securities lending, performance and analytics, and execution services are thought to make up this mandate win.
BNY Mellon was selected as it can offer Rabobank Pension Fund a robust offering while ensuring that potential operational risks and any administrative burden is reduced to a minimum.
Frank Froud, Head of Europe, Middle East & Africa at BNY Mellon Asset Servicing, said: "Rabobank Pension Fund has a well-deserved reputation for prudence and innovation, and its close cooperation with its strategic partners means it benefits from having a highly effective and risk-averse operating model."