BNY Mellon has announced its joint appointment with Nykredit to provide global custody and fund administration services for Lønmodtagernes Dyrtidsfond’s (LD) professional investment fund assets.
After a comprehensive EU tender process, LD awarded BNY Mellon and Nykredit Bank the mandate while Nykredit Portefølje Administration has been appointed to oversee day-to-day administration.
Jim Larsen, managing director of Nykredit Portefølje Administration, said: “Nykredit and BNY Mellon have established a strong track record in working together in the Danish market to service many of the market’s leading institutional investors. This is the most thorough, detailed and professional EU level tender process we have taken part in to date and demonstrates that we can win in direct competition with the best in Europe.”
