BNY Mellon opens representative office in Jeonju, Korea
August 9, 2019

BNY Mellon has this week confirmed the opening of its new representative office in Jeonju, Korea, in order to deepen its partnership with National Pension Service of Korea (NPS).

BNY Mellon was selected by NPS as the global custodian for their fixed income mandate last year and was recently given permission by the Korean regulatory bodies to set up a representative office in Jeonju, the location of the NPS headquarters.

Said Rohan Singh, Asia Pacific Head of Asset Servicing, BNY Mellon: "This new move marks further co-operation between the two organizations."

David Cruikshank, Asia Pacific Chairman, BNY Mellon, added: "We see a bright future for Jeonju to become one of the major financial centres in Korea, a strategically important market for BNY Mellon in Asia Pacific."

NPS, which oversees South Korea's public pension assets, is the world's third-largest pension fund, notes BNY Mellon. As of April 2019, it has total assets under management of around US$600 billion, of which $200 billion is invested globally across 68 markets.





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BNY Mellon has this week confirmed the opening of its new representative office in Jeonju, Korea, in order to deepen its partnership with National Pension Service of Korea (NPS).

BNY Mellon was selected by NPS as the global custodian for their fixed income mandate last year and was recently given permission by the Korean regulatory bodies to set up a representative office in Jeonju, the location of the NPS headquarters.

Said Rohan Singh, Asia Pacific Head of Asset Servicing, BNY Mellon: "This new move marks further co-operation between the two organizations."

David Cruikshank, Asia Pacific Chairman, BNY Mellon, added: "We see a bright future for Jeonju to become one of the major financial centres in Korea, a strategically important market for BNY Mellon in Asia Pacific."

NPS, which oversees South Korea's public pension assets, is the world's third-largest pension fund, notes BNY Mellon. As of April 2019, it has total assets under management of around US$600 billion, of which $200 billion is invested globally across 68 markets.



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