The Employees Provident Fund Board of Malaysia (EPF) has appointed BNY Mellon to deliver an investment accounting service. In addition to custody solutions BNY Mellon currently provides for the EPF, this broader remit aims to deliver a solution for fund accounting and administration of the entire public assets of the EPF, with increased automation and a centralised investment data hub. Established in 1951, the EPF, which helps manage the Malaysian workforce retirement savings, is one of the oldest retirement funds in the world. BNY Mellon has been the service provider to the EPF for the last 17 years.
