BNY Mellon to manage Munich funds 18 September 2012Frankfurt Reporter: Georgina Lavers
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BNY Mellon will launch and manage VVO Haberger AG’s new Private Label Funds, via its affiliate BNY Mellon Service KAG.
BNY Mellon will provide the Munich-based company with bespoke KAG (‘Kapitalanlagegesellschaft’), custody and depotbank services.
Andreas Haberger, co-CEO of VVO Haberger AG, said: “BNY Mellon Service KAG impressed us when it came to those fund structures which are relevant to us.”
Co-CEO Florian Haberger added: “No other service provider has been able to demonstrate a similar wealth of experience and put together such a customised package.”
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