The Bank of New York has been appointed by Socit Europenne de Banque Luxembourg as global custodian for its UK and Irish assets.
“We appointed The Bank of New York because they have demonstrated a clear understanding of the sectors we operate in and have the experience to meet the complex needs of our business,” says Clemente Benelli, chief executive officer of Socit Europenne de Banque Luxembourg.
“Winning this significant piece of business highlights our capabilities and proven track record and exemplifies the momentum we continue to experience in our custody business,” adds Robert Darmanin, executive vice president at The Bank of New York. “We look forward to helping Socit Europenne de Banque Luxembourg team grow its business.”