BNY Mellon has signed an agreement with Credem to distribute its funds to investors in Italy.
The deal will see BNY Mellon funds available to Credem’s network of 500 financial advisers and 180 private bankers
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Under the agreement, BNY Mellon will also distribute all the products within its Sicav BNY Mellon Global Funds to Credem’s retail clients.
The BNY Mellon Global Funds SICAV range includes bond, equity, flexible and absolute return funds and other investment strategies aimed at retail investors.
The deal follows a partnership agreement signed between Credem and Banca Euromobiliare, a financial arm of Credem group specialized in investment and advisory services.
Mark Palacino, managing director for Italy BNY Mellon IM, said: "The agreement comes after a long and fruitful collaboration with the Group also in the products of their asset management companies.
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By GlobalData"The Italian retail segment offers interesting opportunities for the asset management industry and we are certain that Credem’s advisory and private banking network will be able to make the most of BNY Mellon’s funds in Italy," he added.
