mast image

Special Report

Impact investing

Sections

ABN Amro Mellon lands $1bn Winterthur custody

GLOBAL – ABN Amro Mellon has won the global custody mandate for US$1bn (€1.1bn) XL Winterthur International (XLWI), the risk management arm of Bermuda based XL Capital.

XLWI’s assets are distributed globally, and prior to its acquisition by XL Capital earlier this year, it was responsible for the industrial business of multinational corporate customers worldwide as a subsidiary of Swiss insurance and risk management group, Wintherthur.

ABN Mellon will provide core custody, record keeping and accounting services to XLWI and the deal largely results from the fact that XL Capital is an existing ABN Amro Mellon client.

Says Nadine Chakar, managing director of ABN Amro Mellon; “While this deal is essentially organic growth for us, given that XL Capital is an existing client, XL Winterthur International remains a prestige client with a global reputation.”


Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

Begin Your Search Here
<