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 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'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.
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SOURCE BNY Mellon