To leverage the operational efficiencies in outsourcing to one provider
BNY Mellon Asset Servicing has been appointed by Jyske Bank, an independent bank in Denmark, to provide global custody services for assets valued at $11 billion.
Reportedly, following a strategic review of their operational infrastructure, Jyske Bank has 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.
Bo Christensen of Jyske Bank, said: “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.”
Nadine Chakar, executive vice president and head of EMEA, BNY Mellon Asset Servicing, said: “We are very pleased to be growing our relationship with Jyske Bank. 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.”