Domiciled in Luxembourg, the SICAV has assets under management in excess of €8bn across 20 sub-funds and is viewed by Standard Life Investments as its key vehicle for global distribution.
Standard Life Investments (SLI) Director of Operations Mike Tumilty said that SLI already work with BNY Mellon in key parts of the UK business and this agreement will help cement the long-standing relationship between both organizations.
BNY Mellon Asset Servicing Head of Offshore Ross Whitehill said that the flexibility and ability to offer a robust set of solutions were central to Standard Life Investments’ decision to select BNY as their provider.
"Our introduction of share class hedging for the SICAV and Global Distribution Support capabilities to support SLI’s planned expansion in the Asia-Pacific region were key elements of our proposition to Standard Life Investments," Whitehill said.
Standard Life Investments operates in the UK, Canada, Ireland, Hong Kong and the USA, and has representative offices in Germany, France, South Korea, Beijing and Australia. It also operates in India through a joint venture, HDFC AMC.
BNY Mellon Asset Servicing offers clients a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.
