State Street and Korea’s NPS extend servicing agreement
Renewal will be welcomed by State Street as it retains servicing contract for almost $250 billion in assets.
Tag: Korea
HSBC appointed global custodian by Samsung Fire & Marine Insurance
Bank earns global custody mandate after onboarding Korean insurance company and providing it with access to the Chinese market.
HSBC to sell majority stake in Korean fund services business to Koscom
Bank maintains that its securities services business including custody services will not be affected by the deal.
BNY Mellon bolsters Korea focus with new country executive
Korea has become a key part of BNY Mellon’s APAC strategy after it won a global custody mandate from the National Pension Service of Korea in late-2018.
State Street to open Jeonju office to strengthen ties with Korea’s NPS
NPS extended its back-office mandate for their global equities portfolio with State Street to also include the middle-office.
BNY Mellon completes onboarding of Korea’s NPS fixed income assets
The completion of the onboarding process comes just three months after NPS agreed to the deal with BNY Mellon.
BNY Mellon, State Street reportedly set to open new Korean office to align with $570 billion pension fund
Both banks signed a global custody mandate with Korea's NPS last year, which the pension fund hopes the banks can help it tap deeper into new asset classes.
BNY expands trustee services in Korea
BNY Mellon’s global trustee services now include the Korean domestic market.