Arbejdsmarkedets Tillægspension (ATP), Denmark’s mandatory government pension scheme, has selected BNY Mellon to provide its custody, trade support and collateral management services.
ATP has more than five million members and provides income-related pensions supplementary to the Danish state-funded old-age pension.
Daron Pearce, Europe, Middle East and Africa CEO of asset servicing at BNY Mellon, said: “We are delighted to have been chosen by ATP to support it in its mission of providing financial security for the Danish population in retirement.”
He added: “The appointment underscores BNY Mellon’s strong commitment to the Danish and wider Nordic market, and demonstrates the depth and breadth of our experience and technological infrastructure to meet the needs of large, sophisticated pension schemes and other asset owners.”
Kenneth Hallum Knudsen, senior vice president of business support at ATP, commented:
“Our choice of global custodian has a significant importance for our daily business and our ability to act fast and effectively.”
He added: “ATP wants strong and competitive partners, which is why we have chosen BNY Mellon as global custodian based on both quality, services and price. With this new agreement we get a fair financial saving combined with even better solutions and services.”
