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Old Mutual selects BNY Mellon to provide ETF services

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Old Mutual Global Index Trackers US has selected BNY Mellon Asset Servicing to provide exchange-traded fund services for its five new ETFs.

The five ETFs are: GlobalShares FTSE All-World Fund, GlobalShares FTSE Emerging Markets Fund, GlobalShares All-Cap Asia Pacific ex Japan Fund, GlobalShares All-World ex US Fund, and GlobalShares FTSE Developed Countries ex US Fund.

The services provided by BNY Mellon include custody, fund accounting, fund administration, transfer agency services and ETF services.

Tendai Musikavanhu (pictured), chief executive of Old Mutual Global Index Trackers, says: "We have selected BNY Mellon as a key partner because of its demonstrated ability to help clients bring global and emerging market ETF products to market in a timely and effective manner. BNY Mellon has the capabilities to provide the comprehensive suite of services we require."

Joseph Keenan, managing director and head of relationship management for financial institutions at BNY Mellon Asset Servicing, adds: "We are pleased to extend our growing global relationship with Old Mutual to now include ETFs. We continue to invest in expanding our industry-leading ETF capabilities as one of our top priorities is to deliver industry-leading technology and the highest-quality services to this rapidly growing segment of the financial product marketplace."

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