BNY Mellon Asset Servicing has been named custodian for $9.5 billion in funds administered by the Robert Wood Johnson Foundation (RWJF).
BNY Mellon Asset Servicing will provide global custody, performance and risk analytics, and securities lending services.
“BNY Mellon has a strong presence in the foundation field. That industry knowledge, coupled with their strong technology platform and willingness to understand and meet our unique needs, made them the right partner for our organisation,” says Peggi Einhorn, chief financial officer, RWJF.
“It is an honour to partner with the Robert Wood Johnson Foundation and to help safeguard the assets it manages and leverages for such far-reaching results. Our combination of securities processing technology, value-added services, and unmatched client commitment will be brought to bear in supporting the Foundation’s vital and important work,” adds Vince Sands, executive vice president, BNY Mellon Asset Servicing.