The National Bank of Kazakhstan has expanded its relationship with The Bank of New York by appointing the company to act as global custodian for an additional US$7.5 billion of assets.
The Bank of New York provides a full range of services to The National Bank of Kazakhstan including securities lending, investment accounting and performance measurement.
“Over the three years we have been working with The Bank of New York, they have demonstrated that they have the knowledge and experience to meet the complex needs of our business,” says Yuri Gerasimenko, director of the treasury department at the National Bank of Kazakhstan.
Andrew Bell, executive vice president and head of Europe Global Investor Services at The Bank of New York, added: “We are very pleased that The National Bank of Kazakhstan, one of Central Asia’s leading central banks, has chosen to further develop its relationship with us. This underlines the strengths and efforts of our team and our ability to identify solutions to support the business needs of our clients.”