BNY Mellon Asset Servicing Awarded US $11 Billion Global Custody Mandate by Jyske Bank

LONDON -

BNY Mellon Asset Servicing, the global leader in securities servicing, has been appointed by Jyske Bank, the second largest independent bank in Denmark to provide global custody services for assets valued at US $11 billion

Jyske Bank is headquartered in Silkeborg and supports a range of institutional and wealth management clients. They had managed their own sub-custody network in over 40 markets directly prior to appointing BNY Mellon. Following a strategic review of their operational infrastructure, Jyske Bank decided to outsource its global custody to BNY Mellon to leverage the operational efficiencies in outsourcing to one provider. Additionally, Jyske Bank wanted to expand the range of custody related value added services available to their clients. All assets will be fully transitioned during Q4.

“We have a long-standing relationship with BNY Mellon and following our review decided they were the best choice to provide global custody and value added services for us and our clients,” said Bo A. Christensen, at Jyske Bank. “We have an ongoing programme to enhance our operations and this arrangement with BNY Mellon further supports our commitment to continuous improvement in this area.”

“We are very pleased to be growing our relationship with Jyske Bank,” said Nadine Chakar, executive vice president and head of EMEA, BNY Mellon Asset Servicing. “The awarding of this mandate demonstrates that our strategic business approach to service excellence and constant reinvestment in our custody platform continues to resonate with clients.”

Notes to editors

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has US $20.7 trillion in assets under custody and administration, US $926 billion in assets under management, services US $11.8 trillion in outstanding debt and processes global payments averaging US $1.8 trillion per day. Additional information is available at www.bnymellon.com.

Source: BNY Mellon Asset Servicing

Louisa Bartoszek of BNY Mellon Asset Servicing, +44-20-7163-2826, louisa.bartoszek at bnymellon.com