BNY Mellon Asset Servicing appointed by Banca Popolare di Milano as global custodian

London - 30 August 2007

BNY Mellon Asset Servicing, the global leader in asset servicing, has been appointed by Banca Popolare di Milano to provide custody services.

David Galli, Head of Securities Department at Banca Popolare di Milano, said: “We were extremely impressed with BNY Mellon Asset Servicing’s enthusiastic team. They have demonstrated a clear understanding of our needs, and have proven experience in meeting and servicing the complex requirements of institutions such as ours. Equally importantly, they have shown their ability to develop solutions for us as we grow in sophistication and complexity. BNY Mellon Asset Servicing has been chosen after a rigorous selection procedure and we look forward to partnering with them.”

Nadine Chakar, executive vice president at BNY Mellon Asset Servicing, said: “Once again our success in delivering high quality client service and innovative solutions has been recognised by the marketplace. Winning this significant global mandate underlines our desire to work hand-in-hand with leading institutions around Europe and highlights the importance of our Milan office in securing mandates of this size. My team and I look forward to working closely with our new partner.”

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