ABN AMRO Mellon has entered into negotiations for the EUR115 billion mandate to provide custody and securities services for Dublin-based DEPFA Bank, which provides financial services such as reverse repo transactions and securities lending.
Commenting on appointment decision, Barry Stoneham, managing director of operations at DEPFA was confident that ABN AMRO Mellon could deliver.
“Ultimately we were thoroughly swayed by ABN AMRO Mellon team’s outstanding client focus and service quality,” he said. “This is a very significant mandate for us to appoint as we anticipate strong growth plans for our business.”
Although based in Dublin, it has branches across Europe, as well as in the US, Japan and Hong Kong.
“This is a fantastic win for us, and we are absolutely delighted with the appointment,” said Nadine Chakar, CEO of ABN AMRO Mellon.