BNY Mellon Service KAG in Germany has been appointed to launch and manage fund manager VVO Habergers new Private Label Funds.
BNY Mellon will provide the Munich-based company with bespoke KAG (Kapitalanlagegesellschaft), custody and depotbank services.
Separately, Societe Generale Securities Services in Italy will act as local transfer agent for AllianceBernstein SICAV and AllianceBernstein FCP (Fonds commun de placement) to act as their local transfer agent, providing them with paying agent and investor relations management services with reference to investors located in Italy.
(JDC)