ITALY/UK - ABN AMRO Mellon has landed a e1bn mandate to custody the non-domestic assets for Banco Desio Investment Management subsidiaries and affiliates.
Following a a review of their investment process, Banco Desio, a Northern Italian banking and financial services group, decided to look for a provider to focus on the global markets they have opted not to cover through their own network. The group shortlisted five global custodians, following a review of their investment process.
The group sought a custodian to provide a high level of automation with transparent systems and also placed particular importance on their need for solid corporate actions support.
ABN AMRO Mellon’s CEO Nadine Chakar said, “ABN AMRO Mellon is focusing on extending and strengthening our footprint in Europe. We are making important inroads into the Italian market and Banco Desio is a notable example of our progress. We are delighted to offer our service to Banco Desio.”
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