EUROPE - ABN Amro Mellon has won a £1.22bn mandate to provide custody and accounting services for Kvaerner's UK pension arrangements.
Kværner appointed ABN Amro Mellon on account of its “advanced multinational reporting capabilities”.
ABN Amro Mellon chief executive Nadine Chakar said: “Sophisticated multinationals such as Kvaerner are seeking new ways to control their global exposure to risk from pensions obligations and to manage asset liability.”
Kvaerner is a global provider of engineering and construction services and technology products, which employs over 35,000 staff across 30 countries.
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