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Danske Bank Plc Appointed as Global Custodian by the State Pension Fund of Finland
Published: 19-Jan-2015 11:17 am
Publisher: Danske Bank
Danske Bank has been appointed by Valtion Eläkerahasto, the State Pension Fund of Finland, to provide Global Custody for State Pension’s direct equity, etf and fixed income instruments.
Danske Bank Plc has been appointed to provide Global Custody services for the direct investment portfolio of Valtion Eläkerahasto (VER), the State Pension Fund of Finland. Danske Bank was chosen as custodian after a transparent review of global service providers.
“In 2014 we initiated a transparent, EU-wide review of global custody service providers, which ranked candidates on a weighted basis across a range of key criteria”, says Mrs. Tiina Tarma, General Counsel at the State Pension Fund.
“We are delighted for the opportunity to offer our custody services to a customer as versatile and large as the State Pension Fund. They are one of the most significant investors in Finland and the magnitude of their business will help us to further develop our services”, states Mrs. Minna Saonegin, Head of Global Custody Finland, Danske Bank.
The transition date for the State Pension Fund instruments is scheduled for the 31st of May, 2015.
For further information:
Minna Saonegin, Head of Custody, Sales and Advisory, Danske Bank. Tel. +358 (0)50 549 3421
Tiina Tarma, General Counsel, The State Pension Fund. Tel. +358 (0)9 2515 7024