BNY Mellon completes fixed income mandate with NPS
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BNY Mellon completes fixed income mandate with NPS 04 March 2019Seoul Reporter: Jenna Lomax
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BNY Mellon has completed the onboarding of the fixed income mandate for the National Pension Service of Korea (NPS).
BNY Mellon will provide custody, fund accounting, performance, compliance, securities lending and data solutions to NPS.
Sung Joo Kim, chairman and CEO of NPS, commented: “We are very pleased with the successful onboarding. By working with BNY Mellon which is one of the world’s largest global custodians, we have a trusted partner that enhances our management and administration capabilities in safeguarding our global assets.”
Rohan Singh, Asia Pacific head of asset servicing at BNY Mellon, said: “We are honoured to be working with the National Pension Service of Korea.”
He added: “Our business is built on the strength of our global expertise and the ability to scale new business implementations. This mandate marks yet another major milestone for BNY Mellon in Asia, and underlines our commitment to the Korean market.”
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