BNY Mellon acquires Danish depositary business from Nykredit
The acquisition is the latest effort by BNY Mellon to expand its capabilities in Denmark and the Nordic region.
The acquisition is the latest effort by BNY Mellon to expand its capabilities in Denmark and the Nordic region.
Deal for VP Securities will give the European exchange group a CSD presence in the Nordics and boost its post-trade offering.
The Danish pension fund giant put out an RFP to custodians in late 2018 with its current contract due to expire later this year.