BNY Mellon Asset Servicing B.V. has been appointed by Stichting Pensioenfonds OPG to provide global custody, investment accounting, regulatory reporting, performance measurement, attribution and analytics for assets worth 219 million.
The OPG Group is an international retail and distribution company for pharmaceuticals and medical supplies and has operations in the Netherlands, Poland, Belgium, Germany, Denmark, Norway, Hungary and Switzerland.
BNY Mellon Asset Servicing B.V. will be working closely with the Blue Sky Group, the fiduciary manager recently hired by OPG to provide advisory and investment management services to the fund.
“Our pension fund is relatively small in size and therefore relies heavily on outsourcing, and so when it came to enhancing our custody and investment accounting BNY Mellon Asset Servicing B.V. was the ideal choice due to its comprehensive product suite and local servicing capabilities,” says Johan van der Veen, managing director, Pensioenfonds OPG.
“I am delighted that Pensioenfonds OPG has selected us as its partner. This appointment underlines our unique ability to combine a broad range of innovative products and technologies with local market expertise to produce a tailored package of solutions that meet the specific needs of individual Dutch pension funds,” adds Nadine Chakar, chair of the supervisory board, BNY Mellon Asset Servicing B.V. and head of EMEA, BNY Mellon Asset Servicing.