NETHERLANDS - Bedrijfspensioenfonds voor de Koopvaardij (Merchant Navy Pension Fund) has chosen ABN AMRO Mellon Global Securities Services as global custodian for assets valued at €1bn.
ABN AMRO Mellon’s appointment was confirmed earlier this year, and in the past week the final tranche of assets, valued at just over €1bn was transitioned from the fund's previous provider, Citigroup, which administered custody indirectly through PVF F&C.
The Dutch pension fund’s remaining assets, valued at €2.4bn, are invested in real estate, mortgage and pooled funds with F&C.
ABN AMRO CEO Mellon Nadine Chakar said its ‘home’ market, the Netherlands was absolutely central to its plans going forward and the company looked forward to working closely with the Merchant Navy Pension Fund.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?
RPMI Railpen is in the next step in the journey towards achieving cost disclosure. Victoria Bell tells Stephanie Baxter about taking part in the Cost Transparency Initiative's pilot phase
Interserve's numerous defined benefit (DB) schemes have retained a sponsor link after the company entered into administration and was sold.
Chris Hannon has been named chairman of the Railways Pensions Trustee Company after a unanimous vote of approval from its board last week.