BNY Mellon Appointed Custodian by Danish Insurer

BNY Mellon has been appointed by Topdanmark, Denmark’s second largest insurance firm, to provide custody and securities lending services.

The mandate will cover Topdanmark’s international equity and bond portfolios, with assets valued at $2.8 billion.

“Topdanmark joins a client base of over 30 asset servicing clients supported by our Nordic team which is spearheaded by our relationship managers in Copenhagen,” adds Brian Blanchard, managing director of Asset Servicing, Nordic Markets at BNY Mellon.

“As financial markets and the regulatory landscape continue to evolve BNY Mellon remains committed to investing in its staff, services and client seminars – which cover topics such as tax and regulation – to ensure that we can support our clients across the region.”