Searches and Hires

Ahold Pensioenfonds taps BNP Paribas as new custodian

Ahold Pensioenfonds, Zaandam, Netherlands, hired BNP Paribas Securities Services as custodian, said John de Waal, senior director finance and risk at the pension fund, in an email.

In addition to custody, BNP Paribas Securities Services will provide investment accounting, investment compliance, regulatory reporting, performance measurement and risk reporting starting on Jan.1.

BNP replaces KAS BANK as custodian to the €4.5 billion ($5.4 billion) pension fund of Dutch food retailer Ahold Delhaize.