FRANKFURT, Germany and
LONDON, July 18, 2016 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
signed an agreement with Nomura Asset Management Deutschland
KAG1 mbH (Nomura Asset Management Deutschland) to
provide fund administration and middle office services to their
German domiciled funds with around €2 billion in assets under
administration2.
BNY Mellon will initially provide the full suite of fund
administration services to Nomura Asset Management Deutschland
including fund accounting, regulatory reporting and risk
controlling via its affiliate BNY Mellon Service
Kapitalanlage-Gesellschaft mbH (BNY Mellon Service KAG). Further
front office solutions and additional services such as collateral
management are scheduled to be added in the second half of this
year.
"BNY Mellon stood out because of its ability to provide a
customised package and holistic front-to-back office service," said
Magnus Fielko, Chief Administration Officer of Nomura Asset
Management Deutschland. "Our strategic relationship with BNY Mellon
allows us to focus on our core business of asset management, while
ensuring that our clients benefit from the scale and breadth of a
leading global investment services company."
Nomura Asset Management is an existing client of BNY Mellon. In
Germany, BNY Mellon also provides
depotbank services and EMIR regulatory reporting services to Nomura
Asset Management Deutschland which is a dedicated investment
management operation of Nomura Asset Management.
"We look forward to developing our existing relationship with
Nomura Asset Management Deutschland," said Thomas Brand, Head of BNY Mellon's Asset
Servicing business in Germany.
"The increased regulatory emphasis on transparency, accountability
and consumer protection is encouraging more asset managers such as
Nomura to ask for front-to-back office services. We have invested
significantly in technology to handle multiple evolving processes
at greater volume and speed as well as lower cost, so are well
positioned to benefit from this trend."
BNY Mellon Service KAG has shown steady growth in recent years
by securing new outsourcing mandates across the traditional
securities business and also in the real estate space.
Notes to editors:
BNY Mellon
BNY Mellon's Asset Servicing business
supports institutional investors in today's fast-evolving markets,
safekeeping assets and enhancing the administration of client
investments through services that process, monitor and measure data
from around the world, allowing clients to focus on the management
of their investments. We leverage our global footprint and local
expertise to deliver insight and solutions across every stage of
the investment lifecycle.
In Germany, BNY Mellon is one
of the leading investment services companies. Germany is one of BNY Mellon's five core
growth markets throughout the world. BNY Mellon has been
continuously expanding its business ever since its German business
started back in 1931 and now has approximately 450 employees in
Frankfurt.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of March 31, 2016,
BNY Mellon had $29.1 trillion in assets under custody
and/or administration, and $1.6 trillion in assets under
management. BNY Mellon can act as a single point of contact for
clients looking to create, trade, hold, manage, service, distribute
or restructure investments. BNY Mellon is the corporate brand of
The Bank of New York Mellon Corporation (NYSE: BK). Learn more
at http://www.bnymellon.com/. Follow us on Twitter @BNYMellon
or visit our newsroom at www.bnymellon.com/newsroom for the
latest company news.
Nomura Asset Management
The Nomura Asset Management
is a leading global investment manager. Headquartered in
Tokyo, Nomura Asset Management has
additional investment offices throughout the world including
London, Singapore, Malaysia, Hong
Kong, Shanghai,
Taipei, Frankfurt and New
York. With a global workforce of over 1,200 employees it has
been operating in Europe for the
past 30 years.
Nomura Asset Management Deutschland has been managing
individual funds for institutional investors and retail funds since
1988. It has established its reputation in the German-speaking
market as a specialist in Asian equities and fixed income. Today,
Nomura Asset Management Deutschland provides its clients with a
wide range of innovative investment strategies including global,
regional and single country equities, high yield bonds and global
fixed income. This agreement represents Nomura Asset Management
Deutschland's first outsourcing agreement for fund accounting
services in Germany.
1A KAG, also referred to as a KVG, is a German
regulated capital management company.
2Gross asset value as of 09.06.2016. Source: Nomura Asset Management
Deutschland KAG mbH.
This press release is issued by The Bank of New
York Mellon to members of the financial press and media.
All information and figures source BNY Mellon unless otherwise
stated as at March 31, 2016.
The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818.
Branch office: One Canada Square,
London E14 5AL. The Bank of New
York Mellon is supervised and regulated by the New York State Department of Financial
Services and the Federal Reserve and authorised by the Prudential
Regulation Authority.
The Bank of New York Mellon London branch is subject to regulation
by the Financial Conduct Authority and limited regulation by the
Prudential Regulation Authority.
Details about the extent of our regulation by the Prudential
Regulation Authority are available from us on request.
Contact:
Malcolm
Borthwick
+44 20 7163
4109
malcolm.borthwick@bnymellon.com
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SOURCE BNY Mellon