AEGON Asset Management UK, part of the worldwide AEGON Group, has entered into exclusive negotiations with Mellon European Fund Services, the investment administration arm of Mellon Financial Corporation in Europe for an investor and transfer agency services mandate for its retail-fund business.
Following a thorough review of its current arrangement and a full proposal assessment, the selection exercise has been undertaken and the decision to proceed further with Mellon European Fund Services was announced internally in May. Contracts are expected to be signed in the next few weeks.
“There were a number of key factors that led to our choice of Mellon European Fund Services, such as, the close cultural fit between our organisations, the strength of their team and the quality of their operational solution,” says Jon Bennett, Director of Retail-Fund Business for AEGON Asset Management UK.
“This is an extremely important piece of Transfer Agency business for Mellon, and we are delighted to be adding this important international dimension to AEGON’s existing relationship with Mellon in the U.S.,” adds Richard Godfrey, Managing Director of Mellon European Fund Services.