BNY Mellon Trustee & Depositary (UK) has been appointed by Daiwa Fund Asset Services, a division of Daiwa Securities Group Global Asset Services, as a depositary for UK-authorized funds within its fund hosting service.
Daiwa Fund Asset Services is extending its established hosting service for Irish-domiciled funds to include UK domiciled collective investment schemes targeted primarily toward institutional or high-net-worth investors.
BNY Mellons team of highly respected and knowledgeable fiduciary service professionals possesses a wealth of experience when it comes to working with UK fund hosting arrangements, says Brian Guyett, chief executive of Daiwa Fund Asset Services. When combined with their commitment to client service, this was a significant influence on our decision to partner with them for our newly established service.
Peter Craft, head of Trustee & Depositary for Europe, Middle East & Africa at BNY Mellon Asset Servicing, adds: Daiwas experience in servicing the Irish funds market provides a solid foundation upon which it can build its UK fund hosting solution. We look forward to working closely with them to ensure they have all the tools at their disposal to grow that business successfully.