J.P. Morgan Worldwide Securities Services (WSS) has been appointed to provide securities administration services to Dutch pension fund Stichting Bedrijfstakpensioenfonds voor de Groothandel in Levensmiddelen (Bpf GIL).
Bpf GIL has a total value of approximately 500 million.
Were delighted to work with Bpf GIL as we continue to demonstrate our local commitment and execute on our strategy of enabling pension funds to be in control of their business, says John Gout, market manager for Benelux at J.P. Morgan Worldwide Securities Services.
Boudewijn Heineman, chairman of the investment committee at Bpf GIL, adds: We are pleased to have appointed J.P. Morgan as global custodian and we value their extensive expertise in the local Dutch market which, combined with their unparalleled global reach, will bring significant value to our business.
(CG)