BNY Mellon Wins $1 billion La Caixa Mandate

BNY Mellon Asset Servicing has been appointed by La Caixa, the third largest financial institution in Spain, as global custodian to assets valued at approximately $1 billion
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BNY Mellon Asset Servicing has been appointed by La Caixa, the third largest financial institution in Spain, as global custodian to assets valued at approximately $1 billion.

Juan Antonio Garca Galvez at La Caixa, said: After an extensive due diligence process, we chose BNY Mellon because of its financial stability, strong technology reinvestment programme and its proven record in respect of service standards, client focus and relationship management.

Expectations around the future growth and influence of the Spanish market are high, and as a leading player, La Caixa is extremely well-placed to benefit from those trends, said Nadine Chakar, Head of Europe, Middle East and Africa (EMEA), BNY Mellon Asset Servicing. As a well-capitalised and visibly committed large player, we are ideally placed to be the trusted partner financial institutions like La Caixa need to accelerate the growth of their businesses as market conditions continue to improve.

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