AP7, Stockholm, rehired BNY Mellon as global custodian, a spokesman confirmed.
The 478.2 billion Swedish kronor ($54.6 billion) pension fund launched a search for a global custodian in April 2019. The competitive tender ended in the reappointment of BNY Mellon, the spokesman said.
The search attracted three bidders, according to a notice filed with European procurement website Tenders Electronic Daily. The contract will run for five years.
