BNY Mellon Asset Servicing Expands Asian Transfer Agent Platform
August 13 2007 - 7:28AM
PR Newswire (US)
AIM Global elects to utilise TA capability to expand distribution
in Asia LONDON, Aug. 13 /PRNewswire-FirstCall/ -- BNY Mellon Asset
Servicing, the global leader in asset servicing, continues to
expand its global fund services offering with a dedicated transfer
agency ("TA") facility in Singapore to support the bank's clients
in distributing their investment fund products in the region. The
"TA Asian Hub" has been established to take maximum advantage of
fund distribution processing across multiple regions and
time-zones. AIM Global, a division of INVESCO Asset Management
Limited, is utilising this TA capability to market its US$ money
market fund to investors in a number of countries in Asia,
including Hong Kong and Singapore. This service allows investors in
AIM Global's Dublin-domiciled fund to receive US$ payments for good
value during the working day in the investor's home market, taking
into account local time differences. Marc Doman, Managing Director,
AIM Global, said: "Having a local TA operating platform
significantly improves the attraction of our Dublin-based money
market fund to Asian investors. It enables us to provide real-time
fund trading and client services during the Asian day as well as
ensuring same day US$ redemption payments in locally held
accounts." Andrew Bell, Executive Vice President and Head of Global
Operations at BNY Mellon Asset Servicing, said: "Developing this TA
Asian Hub in Singapore significantly enhances our capabilities in
the Asian fund administration market. It also illustrates our
commitment to devising and developing solutions to meet the needs
of our clients to support them in growing their global fund
distribution business." The bank's dedicated Asian Hub offers
in-region client service, TA administration support and technology,
providing a single platform solution to our clients and their
investors throughout markets in Europe and Asia. Notes to Editors
BNY Mellon Asset Servicing offers clients worldwide a broad
spectrum of specialised asset servicing capabilities, including
custody and fund services, securities lending, performance and
analytics, and execution services. BNY Mellon Asset Servicing
provides services through The Bank of New York, Mellon Bank, N.A.
and other related companies. The Bank of New York Mellon
Corporation is a global financial services company focused on
helping clients manage and move their financial assets, operating
in 37 countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions,
corporations and high-net-worth individuals, providing superior
asset management and wealth management, asset servicing, issuer
services and treasury services through a worldwide client-focused
team. It has more than $20 trillion in assets under custody and
administration and more than $1 trillion in assets under
management. Additional information is available at
http://www.bnymellon.com/. AIM Global Based in London, AIM Global
forms part of a major money market fund group headed by AIM Cash
Management in the US. AIM Global was set up in 1994 to bring money
market funds to corporates and institutions in Europe, the Middle
East and Asia Pacific. Short-Term Investments Company (Global
Series) plc ("STIC Global") incorporates Sterling, Euro and US
Dollar Liquidity Portfolios. AIM Global is a division of INVESCO
Asset Management Limited and part of INVESCO PLC, one of the
world's largest independent investment management organisations.
The company is listed on the London, New York and Toronto stock
exchanges with the symbol 'IVZ' For further information go to
http://www.aimglobal.com/ or http://www.invesco.com/. DATASOURCE:
BNY Mellon Asset Servicing CONTACT: Ivan Royle, +44 20 7964 6119, ,
or Louisa Bartoszek, +44 20 7163 2826, , both of BNY Mellon Asset
Servicing Web site: http://www.bnymellon.com/
http://www.aimglobal.com/ http://www.invesco.com/
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