PGGM, the Dutch fiduciary manager with about €133 billion ($173 billion) in assets, appointed J.P. Morgan Chase as global custodian, according to PGGM spokesman Maurice Wilbrink.
J.P. Morgan is the fund’s third custodian, joining BNY Mellon and Citi. Further information about how custody services will be divided among the banks was not available at press time.
PGGM is owned by the €129 billion Pensioenfonds Zorg en Welzijn, Zeist, Netherlands.
