BNY Mellon has been appointed as US custody provider by Bank Hapoalim, one of the leading financial institutions in Israel, and its institutional servicing subsidiary Poalim Sahar, said BNY Mellon in a press release.
The mandate encompasses a full suite of core US custody services, including front-end technology solutions and bespoke reporting services for the Israeli marketplace.
Anath Levin, Member of the Board and Head of Financial Markets at Bank Hapoalim, said: “BNY Mellon’s commitment to service quality and innovation, and its ongoing investment in technology and intellectual capital, made it the clear choice for our custody needs in the US.”
Samir Pandiri, CEO for Asset Servicing at BNY Mellon, said: “We continue to enhance and refine our investment services offering to ensure we can continue to support our clients in meeting their strategic goals in what is an ever more complex and globalised business environment. This is a welcome opportunity for us to build upon our already close collaboration with Bank Hapoalim by supporting them in this key global market.”