Danish pension fund Arbejdsmarkedets Tillægspension (ATP) has appointed BNY as its global custodian, entrusting the firm with custody, trade support, and collateral management for its nearly US$100 billion in assets.
The selection, as reported by Asset Servicing Times, underscores ATP’s focus on operational efficiency and automation in its asset management processes. ATP, Denmark’s mandatory government pension scheme, is one of Europe’s largest pension funds. According to ATP’s chief operating officer Louise Inselmann, the choice of a global custodian plays a crucial role in ensuring agility and efficiency. “Our choice of global custodian has significant importance for our daily business and our ability to act fast and effectively on behalf of our members,” Inselmann said.
BNY’s appointment reflects ATP’s drive for seamless data integration and automation. Hani Kablawi, head of International at BNY, emphasised that ATP’s priorities align with BNY’s capabilities in delivering integrated solutions for asset owners. He also highlighted the bank’s commitment to strengthening its presence in Denmark and the wider Nordic region.
