ING/BNY Securities Services, a unit within ING Financial Institutions, has won the mandate to provide global custody services to the Dutch Ecumenical Development Co-operative Society U.A. Oikocredit, involving €111 million of assets under custody. Winning Oikocredit’s mandate proves what SRI funds consistently look for: the combination of global leadership and product expertise provided by The Bank of New York and local presence and market expertise provided by ING.
“This important mandate confirms the foundation built by ING/BNY Securities Services on which it can further enlarge its business in the Netherlands”, adds Bas Zonjee, vice-president Sales & Marketing. (21 February 2005)