UK - The £350m BBA Group Pension Fund has appointed ABN Amro Mellon as its custodian.
ABN Amro Mellon will be providing core custody services, and will be looking in future at securities lending, foreign exchange, and cash management.
David Cross, pensions manager of BBA Group trustees, said: “I was seeking a custodian that could centralise the current multi-provider arrangements we had in place.
“We were pleased to find that ABN Amro Mellon could meet our needs.”
By Janet Du Chenne
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