08 December 2016
Visit aciworldwide.com

BNY Mellon wins Allianz outsourcing mandates

08 October 2012  |  1464 views  |  0 Source: BNY Mellon

BNY Mellon, the global leader in investment management and investment services, has been appointed to provide outsourced accounting and data management solutions to a range of discretionary mandates managed by Allianz Global Investors.

As one of the world's largest asset managers, Allianz Global Investors manages some EUR 300 billion in retail funds, special funds and discretionary mandates. The discretionary mandates comprise international portfolios that include both securities and derivatives. The mandates will be serviced by BNY Mellon Service Kapitalanlage-Gesellschaft mbH.

Michael Hartmann, Head of Operations Europe at Allianz Global Investors, said: "Given the harmonization of processes and efficiency gains, the cooperation with BNY Mellon is an important step towards a target operating model. In an international company like Allianz Global Investors, it is even more important to install cross-departmental systems and processes that can be used globally."

Thomas Brand, Head of Investment Services at BNY Mellon in Germany, said: "Our relationship with Allianz Global Investors has been a long and fruitful one, and as one of their largest custodians and depotbanks here in Germany we welcome this opportunity to further strengthen that valued partnership through the provision of these additional services. We will continue to offer Allianz Global Investors the flexibility, high-quality service and innovative solutions that it has come to expect from us as we move into this new phase of our relationship."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextraFind out more

Who is commenting?

A Finextra member Finextra Member Commented on: Payments regulator blo...
A Finextra member Finextra Member Commented on: Payments regulator blo...

Top topics

Most viewed Most shared
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
7513 views 12 comments | 15 tweets | 27 linkedin
OCC to offer fintech firms bank charter statusOCC to offer fintech firms bank charter st...
7068 views comments | 25 tweets | 15 linkedin
China tops world fintech rankingsChina tops world fintech rankings
6869 views comments | 34 tweets | 30 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6261 views comments | 19 tweets | 20 linkedin
Big tech policy group calls on Trump to promote fintech innovationBig tech policy group calls on Trump to pr...
5738 views comments | 22 tweets | 11 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job