BNY Mellon Asset Servicing has been appointed by San Marino International Investments Sicav, promoted by Banca di San Marino, to provide the Luxembourg depository bank with global custody services.
“I am delighted we have been selected by San Marino International Investments Sicav, and my team and I look forward to building on our new partnership in the coming months and years. Luxembourg of course remains a key area of focus for BNY Mellon Asset Servicing, and as ever we will be working closely with all our clients and the authorities to ensure we continue to provide flexible and robust solutions for the market’s post-trade needs,” says Nadine Chakar, executive vice president and head of EMEA at BNY Mellon Asset Servicing.
“The Banca di San Marino is pursuing an ambitious expansion plan, aiming to develop new business areas in the neighbouring Italian region. A number of specialised distribution platforms will soon offer the shares of our Sicav,” asserts Cesare Richeldi, CEO of Banca di San Marino and Director of San Marino Investment International Sicav.