BNY Mellon Asset Servicing has again been reappointed by TD Waterhouse Bank in the Netherlands as global custodian to assets valued at €5.2 billion.

TD Waterhouse went through a thorough selection process involving seven providers before the bank chose to retain BNY Mellon as its global custodian, as it has for the past five years.

“We considered a wide range of criteria before coming to our decision, and BNY Mellon’s proven excellence in respect of service standards, client focus and relationship management reconfirmed their status as the leading candidate,” says Yves Sawaya, managing director at TD Waterhouse Bank.

“I am delighted that TD Waterhouse Bank N.V. has chosen to continue our valued relationship,” says Nadine Chakar, head of EMEA for BNY Mellon Asset Servicing. “In the face of intense competition we have again reconfirmed our status as the leading custody provider in the Netherlands.”

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Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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