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British Airways Pension Fund selects BNY Mellon for OTC derivative investments services

Global wealth management and investment firm BNY Mellon has been appointed by British Airways Pension Fund, to deliver derivatives and collateral management services for several of its over-the-counter (OTC) derivative investments.

BNY Mellon global collateral services business executive vice president and product and strategy head Nadine Chakar said that amid changing regulatory environment the requirement of global retirement systems have grown increasingly.

"As an organization, we’re focused on delivering services to work with clients at every stage of the investment lifecycle by trading, holding, managing, servicing and distributing their financial assets," Chakar added.

Using BNY Mellon’s products and services, customers can deal with collateral, liquidity and securities financing needs and to better manage counterparty and market risk in their collateral transactions.

Presently, the US company services $2 trillion in global collateral, including tri-party repo collateral, almost $100bn in assets through its Liquidity DIRECT investment portal, and manages the securities lending program, with $3 trillion in lendable assets.

Offering informed investment management and investment services in 36 nations and more than 100 markets, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management, as of 31 December 2012.