JP Morgan was appointed as global custodian for Bpf GIL, which has a total value of EUR500m, following a selection process conducted by Aon Hewitt.

JP Morgan WSS Europe Practice Lead for pension fund business Benjie Fraser said that JP Morgan continues to demonstrate its commitment to the Dutch pension fund market in particular, and the European market in general.

"Working with Bpf GIL demonstrates the depth of our experience and our ability to provide tailored pension board reporting," Fraser said.