BNY Mellon to manage Munich funds
BNY Mellon will launch and manage VVO Haberger AG’s new Private Label Funds, via its affiliate BNY Mellon Service KAG.
BNY Mellon will provide the Munich-based company with bespoke KAG (‘Kapitalanlagegesellschaft’), custody and depotbank services.
Andreas Haberger, co-CEO of VVO Haberger AG, said: “BNY Mellon Service KAG impressed us when it came to those fund structures which are relevant to us.”
Co-CEO Florian Haberger added: “No other service provider has been able to demonstrate a similar wealth of experience and put together such a customised package.”
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