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The Bank of New York Mellon completes acquisition of ABN AMRO Mellon Global Securities Services B.V.

Posted: 18 March 2008

The Bank of New York Mellon Corporation has completed its acquisition of ABN AMRO Mellon Global Securities Services B.V. following regulatory approval from the Dutch regulator, De Nederlandsche Bank (DNB).
ABN AMRO Mellon, the 50-50 joint venture company established by Mellon Bank N.A. and ABN AMRO in 2003 to provide global custody and related services to institutions outside North America, will now be known as BNY Mellon Asset Servicing B.V. and becomes a part of the asset servicing division of The Bank of New York Mellon. Terms of the deal have not been disclosed.
The bank continues to be headquartered in Amsterdam and regulated by DNB. Existing ABN AMRO Mellon clients will remain contracted to BNY Mellon Asset Servicing B.V., as will ABN AMRO Mellon staff at the company's operational centres around the world.
The role of CEO of BNY Mellon Asset Servicing B.V. is taken up by Pim Nederpel. Nederpel has been ABN AMRO Mellon's Chief Financial Officer since October 2005, with responsibility for the finance, business technology services and legal, risk & compliance departments within the bank. Prior to joining ABN AMRO Mellon, Nederpel held the roles of Executive Director of Euronext Amsterdam and Deputy CEO of Clearnet among other positions.
The bank's existing Managing Board structure will remain in place.

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