Frankfurt-based BHF-BANK has been appointed by The Bank of New York as a sub-custodian for the German market. BHF-BANK will provide a comprehensive range of services for German securities and foreign assets traded on German stock exchanges.
“We have strong relationship with The Bank of New York and this announcement enhances this,” said Wolfgang Danicke, executive vice president of BHF-BANK. “This mandate marks our successful re-entry in the German securities services business and evidences exceptional investments in technology and people.”
Cornelia Keth, director marketing and sales, added, “This appointment demonstrates to the market our capacity to meeting the unique requirements of global custodians and foreign banks.”