Sweden’s AP7 keeps its $50bn with BNY Mellon

Swedish state pension fund AP7 (Sjunde AP-fonden) re-appoints BNY Mellon for global custody and associated services.

A Tuesday morning press release by BNY Mellon quotes AP7 chief operations officer Tina Nylund, who points out that AP7 is facing significant growth and change. She says the US-based bank will be able “to further support our successful transition to a new operating model”.

“We look forward to further strengthening and enhancing our relationship with a partner that has the digital and data capabilities to help us on our own digital transformation journey,” says Tina Nylund.

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(Photo: Jonathan Brinkhorst / Unsplash)