BNY Mellon and One Investment Group (OIG), an Australian based independent funds management business, have entered into a strategic agreement to provide global custody services to fund managers, and trustees in Australia.
Under the arrangements, OIG clients will get access to BNY Mellon’s global network, its international custody and capital markets services, and also to its technology platforms.
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BNY Mellon said that the agreement will give Australian fund managers the ability to deploy a global investment strategy and access to a competitively priced global custody solution.
OIG executive director said: “Together we can create a competitive advantage that combines OIG’s Australian leadership position and local decision making with the international market access, global scale and industry best practise capabilities of BNY Mellon.”
BNY Mellon head of asset servicing business development in Asia-Pacific John Legrand said: “This alliance creates a competitive alternative in the Australian custody market. We continue to expand our presence in the region and offer fund managers unparalleled access to global investment services expertise and technology.”
OIG offers responsible entity, trustee, custody services, corporate trust, fund administration and registry services to over 250 funds with assets of $17bn.
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