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.