BNY Mellon Asset Servicing has been selected as global custodian for Farglory Life, a life insurance company based in Taiwan.
BNY Mellon is the first global custodian to be selected by Farglory Life for the administration and custody of their overseas assets.
“Farglory Life selected BNY Mellon to service our global assets following an extensive review,” says Chao Teng Hsiung, chairman, Farglory Life. “In the current economic environment we believe it was important to select a provider with the high credit ratings and strong balance sheet to ensure the safekeeping of our assets. BNY Mellon demonstrated their strength in all areas, including technology and superior client service.”
“We are very pleased to be working with Farglory Life and to be seen as a partner as they expand their business across the world,” says Chong Jin Leow, head of Asia, BNY Mellon Asset Servicing. “As one of Taiwan’s leading financial institutions, Farglory Life’s decision to work with BNY Mellon Asset Servicing confirms that the solutions we are providing to Taiwan’s leading institutions remain at the forefront of the market.”