BNY Mellon wins Invesco funds mandate

BNY Mellon wins Invesco funds mandate

BNY Mellon Asset Servicing has been appointed by Invesco to provide global custody, fund accounting and fund administration services for UK and offshore assets valued at over $50 billion.

The deal marks the first time that Invesco has contracted with a third party to provide fund accounting services for its UK funds and its range of Dublin and Luxembourg offshore funds.

Under the terms of the new arrangement, the Invesco employees currently delivering these services will be transferred to BNY Mellon.

Nadine Chakar, EVP and head of Europe, Middle East & Africa at BNY Mellon Asset Servicing, says: "We are delighted to have this opportunity to deepen our strong relationship with Invesco and extend a warm welcome to our new employees."

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