NETHERLANDS - Two Dutch pension funds - Stichting Bedrijfstakpensioenfonds voor de Suikerverwerkende Industrie and Stichting Bedrijfspensioenfonds voor de Suikerwerk- & Chocoladeverwerkende Industrie - have hired BNY Mellon Asset Servicing as custodian for a combined €1bn (US$1.37bn) in assets.
BNY will also provide investment accounting, performance measurement, passive currency overlay and Dutch regulatory reporting services. Employer chairman of the board of trustees at the Bedrijfs...
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