LONDON and NEW YORK, Sept. 27,
2022 /PRNewswire/ -- The Bank of New York Mellon Corporation
and Aviva Investors, the global asset management business of Aviva
plc, announce that Aviva Investors has appointed BNY Mellon to
provide a fully integrated operating model for certain front-office
support services, as well as middle- and back-office
activities.
Over the long-term deal BNY Mellon will provide a comprehensive
solution to Aviva Investors, which encompasses traditional asset
services including custody, fund administration and depositary
capabilities, as well as more advanced front-office support,
including mandate monitoring and performance measurement.
Central to BNY Mellon's front to back operating model is BNY
Mellon's Data Vault, a cloud-based data platform that will enable
Aviva Investors to unlock insights and accelerate access to
analytics for teams across the investment lifecycle. This provides
Aviva Investors with an improved ability to focus on core
investment and client-related activities.
"As part of our efforts to simplify our supplier model and
ensure we have a best-in-class, scalable operating model for the
benefits of our business and clients, we are delighted to enter
this transformative partnership with BNY Mellon, which has invested
heavily to provide leading operational and data services to asset
management businesses. Outsourcing some of these services to BNY
Mellon will allow us to enhance our client proposition and improve
operational efficiency," said Mark
Versey, Chief Executive Officer at Aviva
Investors.
"At BNY Mellon, it's our goal to help clients achieve superior
outcomes across the investment lifecycle," said Roman Regelman, CEO of Securities Services and
Digital at BNY Mellon. "Our innovative, data-centric operating
model, flexible technology and comprehensive capabilities will
enable Aviva Investors to focus on delivering an exceptional client
experience. We are delighted to support Aviva Investors on its
journey to transform its operating model."
Notes to Editors
Custody, fund administration and depositary appointments are
subject to regulatory approval.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment and wealth management and investment
services in 35 countries. As of June 30,
2022, BNY Mellon had $43.0
trillion in assets under custody and/or administration, and
$1.9 trillion in assets under
management. BNY Mellon can act as a single point of contact for
clients looking to create, trade, hold, manage, service, distribute
or restructure investments. BNY Mellon is the corporate brand of
The Bank of New York Mellon Corporation (NYSE: BK). Additional
information is available on www.bnymellon.com. Follow us on Twitter
@BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for
the latest company news.
About Aviva Investors
Aviva Investors is the global asset management business of Aviva
plc. The business delivers investment management solutions,
services and client-driven performance to clients worldwide. Aviva
Investors operates in 14 countries in Asia Pacific, Europe, North
America and the United
Kingdom with £232 billion in assets under management as at
30 June 2022.
Media Contacts:
BNY Mellon
EMEA
Jessica Thomas
jessica.thomas@bnymellon.com
+ 44 7805 068 686
US
Steve La Marca
stephen.la.marca@bnymellon.com
+1 908 581 8292
Aviva Investors
Steve Ainger
Head of Media Relations
steve.ainger@avivainvestors.com
+44 207 809 8452
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