BNY Mellon completes onboarding of Korea’s NPS fixed income assets
BNY Mellon has completed the onboarding of fixed income assets from the National Pension Service of Korea (NPS), the world’s third largest pension fund.
The mandate includes $25 billion of NPS’s assets invested in overseas fixed income markets, Global Custodian understands.
As part of the agreement, BNY Mellon now provides global custody, fund accounting, performance, compliance, securities lending and data solutions to NPS.
“By working with BNY Mellon which is one of the...