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BNY Mellon inks service agreement with Nomura Asset Management Deutschland

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BNY Mellon inks service agreement with Nomura Asset Management Deutschland

Bank of New YorkMellon Corp. agreed to provide fund administration and middle officeservices to Nomura Asset Management Deutschland KAG mbH's German domiciled fundswith around €2 billion in assets under administration.

BNY Mellon, through its affiliate, BNY Mellon Service Kapitalanlage-GesellschaftmbH, will initially provide Nomura Asset Management Deutschland the full suite offund administration services, which include fund accounting, regulatory reportingand risk controlling. Further front-office solutions and other services, such ascollateral management, will be added in the second half of 2016, according to apress release.

Nomura Asset Management Deutschland is a dedicated investmentmanagement operation of Nomura AssetManagement Co. Ltd., which is a unit of Tokyo-based

Nomura Asset Management is an existing client of BNY Mellon.