BNY Mellon Asset Servicing has been reappointed by ING Funds as global custodian for approximately $117 billion in assets.
In continuing a successful five-year partnership, BNY Mellon also will provide fund accounting, securities lending, risk reporting, foreign exchange and shareholder servicing to the ING Funds.
“The quality and level of our reporting and the responsiveness of our client service teams were among the reasons that ING cited in extending this relationship. We look forward to providing ING with the benefit of our growing capabilities. We continue to invest heavily in the asset servicing business and expect to deliver increasingly higher levels of support,” says Patrick E. Curtin, executive vice president, BNY Mellon Asset Servicing and head of US Asset Services.