The Netherlands - ABN AMRO Mellon Global Securities is to launch its proprietary domestic custody operation in The Netherlands.
The new service was created by the company’s desire to offer what it deemed “the best local custody services for its global custody clients” for its home market.
Prior to the local custody operations launch the company utilised the services of ABN AMRO, which recently disposed of its domestic custody activities worldwide.
The Dutch capability now gives ABN AMRO Mellon the flexibility to provide a customised response to future developments within Europe, including the Euronext markets.
Nadine Chakar, CEO of ABN AMRO Mellon, said the launch would contribute to the company’s “solid and controlled organic growth” across Europe.
She said: “After evaluating thoroughly what was available to us in the Dutch market, we knew we were in a far better position to provide local custody services directly to our clients.
“The launch is an important milestone for us in our home market, and is one in a series of long-term commitments to The Netherlands and our other core European geographies.
“At the same time, clients are assured in the knowledge that our custody is delivered utilising the most effective and secure technology and a single level platform, providing them with the best flexibility and safety that they rightly demand for their assets.”
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