Bank Of New York Appointed Global Custodian For Banco De Mozambique

The Bank of New York has been appointed by Banco De Mozambique, the central bank of the Republic of Mozambique, to act as global custodian and securities lending agent for its foreign reserves. "We have made significant investments in value

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The Bank of New York has been appointed by Banco De Mozambique, the central bank of the Republic of Mozambique, to act as global custodian and securities lending agent for its foreign reserves.

“We have made significant investments in value added services such as securities lending, global risk services and transition management, and this appointment reflects the strength and breadth of our capabilities,” said Tim Keaney, executive vice president and head of Europe at The Bank of New York. “The Bank of New York has a significant business on the African continent and this prestigious central bank win demonstrates our commitment to the region. We look forward to expanding our relationship with Banco De Moambique and providing high quality services to meet the requirements of its investment policy.”

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