ABN AMRO Mellon has won the mandate to provide global custody to the pension fund of BBA Group PLC, the industrial group that services the aviation and industrial markets.
The fund, worth 350 million ($508m), will convert to the alliance’s platform on December 3rd. ABN AMRO Mellon will be providing core custody services, and will be looking in future at securities lending, foreign exchange, and cash management.
For Global Custodian article on CIBC Mellon please read “Portrait of a Marriage”, Summer 2001.