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