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Komfie Manalo, Opalesque Asia:

Nomura Asset Management has appointed BNY Mellon to service around $2.21bn in assets for its Nomura Asset Management Deutschland and provide fund administration and middle office services to their German domiciled funds.

BNY Mellon will initially provide the full suite of fund administration services to Nomura Asset Management Deutschland including fund accounting, regulatory reporting and risk controlling via its affiliate BNY Mellon Service Kapitalanlage-Gesellschaft mbH (BNY Mellon Service KAG). Further front office solutions and additional services such as collateral management are scheduled to be added in the second half of this year.

"BNY Mellon stood out because of its ability to provide a customised package and holistic front-to-back office service," said Magnus Fielko, Chief Administration Officer of Nomura Asset Management Deutschland. "Our strategic relationship with BNY Mellon allows us to focus on our core business of asset management, while ensuring that our clients benefit from the scale and breadth of a leading global investment services company."

Nomura Asset Management is an existing client of BNY Mellon. In Germany, BNY Mellon also provides depot bank services and EMIR regulatory reporting services to Nomura Asset Management Deutschland which is a dedicated investment management operation of Nomura Asset Management.

"We look forward to d......................

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