BNY Mellon onboards Invesco for transfer agency services
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BNY Mellon onboards Invesco for transfer agency services 02 June 2021UK Reporter: Maddie Saghir
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BNY Mellon has been appointed by Invesco Fund Management and Invesco Management to provide transfer agency services to $100 billion of their respective ICVC and SICAV fund ranges.
This marks an expansion of their current relationship as BNY Mellon already provides custody and fund administration services for the two fund ranges, which are domiciled in the UK and Luxembourg, respectively.
Additionally, BNY Mellon provides custody, fund administration and transfer agency to some of Invesco’s other European fund ranges, including Irish exchange-traded funds, Irish money market funds, UK investment trusts and German KVG funds.
Alan Flanagan, global head of fund services, asset servicing, BNY Mellon, comments: “We are delighted to build on our multifaceted relationship with Invesco; our expanded collaboration is focused on a shared commitment to service excellence and an enhanced investor experience.”
“Our appointment is a direct result of our exceptional team, strong industry positioning and innovative client engagement,” Flanagan adds.
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