The Bank of New York has been chosen by Manek Investment Management Limited (Manek), a UK retail fund manager, to provide transfer agency services for the Manek Growth Fund.
“We chose The Bank of New York because its robust fund services help us with our servicing requirements,” says Jayesh Manek, fund manager of Manek Investment Management.
Nick Parkes, managing director of European fund services at The Bank of New York, said the deal underlined the commitment of the bank to the retail funds sector.