Korea Life entrusts assets with BNY Mellon
BNY Mellon Asset Servicing wins the global custody mandate from a rival.
Korea Life Insurance has selected the Bank of New York Mellon (BNY Mellon) Asset Servicing as global custodian for its overseas holdings.
Under the mandate, BNY Mellon Asset Servicing provides Korea Life with a single-source global custody solution. The appointment is only for global custody services, including asset servicing (such as corporate actions and income collections), automated trade processing and reconciliation, online reporting and forecasting, and securities processing.…
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