BNY Mellon Asset Servicing, a global securities servicing firm, has been chosen by Credit Suisse Asset Management (CSAM) to provide fund services including accounting, administration, transfer agency and custody services, to support the launch of its first Irish ETFs.
It has reported that the ETFs will be UCITS (Undertakings for Collective Investment in Transferable Securities) products and will be based on broad market equity and fixed income indices. The funds will be marketed under the ‘Xmtch’ ETF brand and will trade initially on the Swiss stock exchange with multiple cross listings across Europe in the near future.
Ross Whitehill, head of offshore management at BNY Mellon Asset Servicing, said: “Our ETF servicing platform will work with Credit Suisse’s products to make sure their shareholders and market participants are receiving accurate and timely information.”