BNY Mellon appointed by Nordea

BNY Mellon has been appointed by Nordea to provide custody services for its US debt and equity portfolios valued at over US$7 billion.

Joakim Gustafson, Head of Product & Network Management at Nordea Bank, said: “Following a thorough review process that included site visits to US and EMEA locations for a shortlist of qualified institutions, we selected BNY Mellon. We were impressed by their drive to ‘go the extra mile’ and ability to combine an impressive customer technology interface with a high touch EMEA-US service model. Another crucial factor is that BNY Mellon has US market specialists available during the EMEA morning prior to the US market opening.”