BNY Mellon Asset Servicing, the securities servicing, has been appointed by Eureko B.V. to provide global custody and value added services for group assets valued at EUR38 billion.
In addition to global custody, BNY Mellon will provide datawarehouse, reporting, accounting, fund administration and asset pooling services, as well as securities lending.
BNY Mellons presence in the Dutch market, its detailed knowledge of the Dutch financial system and its broad product set were cited as key factors in its appointment by Eureko.
“In making our decision we took into account BNY Mellons reputation in the market, its flexible systems, its solid understanding of the services in scope, and the excellent impression made by the team that will service our relationship on a day-by-day basis,” says Rob Heerkens, director at Eureko group investments. “BNY Mellon is a true global player that is fully committed to the asset servicing business, and as such is ideally placed to support Eureko in its market risk management.”
“This mandate is by any measure a milestone deal not just in the Dutch marketplace but also the wider Continental European asset servicing business,” says Nadine Chakar, executive vice-president and head of Europe, Middle East and Africa (EMEA) at BNY Mellon Asset Servicing. “We are honoured to have been selected by Eureko after what was a very thorough due diligence process and we look forward to working closely with them going forward.”
D.C.