Global custody mandate for BNY Mellon
BNY Mellon has been selected to provide global custody and other services for the open-ended investment company of First State Investments.
The bank will also provide fund accounting, transfer agency, and trustee and depository services for First State Investments ICVC.
Rachel Turner, business executive at BNY Mellon, said: “We are delighted to extend our partnership with First State Investments and committed to providing them with high-quality servicing support and helping them execute their stated aim of providing the best possible outcomes over the long term to their investors.”
First State Investments has more than £127.5 billion in assets under management, as of 30 September 2017.
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