Copying and distributing are prohibited without permission of the publisher
BNY Mellon keeps Croydon pension mandate
28 February 2014
Renews custody contract with London Borough of Croydon Pension Fund
BNY Mellon has renewed a custody contract with the London
Borough of Croydon Pension Fund.
The bank also provides fund administration and cash management
services for assets worth £668m ($1.1bn).
Nigel Cook, head of pensions and Treasury at the pension fund,
said: "The strength of BNY Mellon's service offering and the
depth of the team's expertise were clearly demonstrated during
the extensive benchmarking exercise we have recently undertaken
in association with Amaces."
BNY Mellon said it is refining its offering for pension funds
in the UK as well as Continental Europe to ensure they have the
comprehensive and value-for-money suite of solutions that
addresses their evolving needs around asset safety, cash
management, fund accounting and risk mitigation.