LONDON, Oct. 3, 2011 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has extended its existing relationship with Eureko B.V. to provide global custody and value added services for group assets valued at EUR38 billion (U.S. $50 billion).
With operations in 12 countries across Europe and more than 20,000 employees, the Eureko group is a privately-owned financial services group registered in the Netherlands that offers a full range of insurance and related services: life and non-life cover, pension products, health insurance, banking and asset management.
In addition to global custody, BNY Mellon will provide fund and investment accounting, fund administration, regulatory reporting, performance measurement, compliance monitoring, transfer agency and cash management solutions.
BNY Mellon's established presence in the Dutch market, its local servicing model, its detailed knowledge of the Dutch financial system and its broad product set were key factors in Eureko's decision to extend the relationship. Eureko originally appointed BNY Mellon in 2008.
Leonique van Houwelingen, Country Executive for the Netherlands and Head of Continental Europe, Asset Servicing at BNY Mellon, said: "Eureko is one of our most valued clients in the context of both the Netherlands and the wider European marketplace. We look forward to capitalising on this opportunity to expand the robust and successful relationship we have already forged with them over the past three years."
Notes to editors:
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.
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 International unless otherwise stated as at June 30, 2011. 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 Authorised and regulated in the UK by the Financial Services Authority.
SOURCE BNY Mellon