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.
Terms of the deal have not been disclosed.
ABN AMRO Mellon, the 50-50 joint venture company established by Mellon Bank 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.
The bank continues to be headquartered in Amsterdam and regulated by the Dutch regulator, De Nederlandsche Bank.
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.
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