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Dutch mail brings BNP Paribas a thick pensions pack

€8,6 billion are in the bag, as the pension fund of leading Dutch mail operator PostNL turns to BNP Paribas both for global custody and administration.

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Custody, investment accounting, investment compliance and regulatory reporting – as well as performance and risk analytics services – are in the basket of services that BNP Paribas Securities Services will be delivering to Pensioenfonds PostNL, starting New-Year 2020. Some details are lined out in a press release from the French bank.

It claims that it has been expanded its capacity and offering, and developed local expertise, in the Netherlands in recent years.

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Pensioenfonds PostNL is a company pension fund of PostNL, the country’s 220-year-old national mail operator and currently “leading mail and logistics solutions provider in the Netherlands”.

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The fund sported a total asset base of €8.6 billion as of last New Year.

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