BNY Mellon Asset Servicing to provide sub-transfer agency services to Delaware Service Company
BNY Mellon Asset Servicing, the global leader in investment services, has been selected to provide mutual fund sub-transfer agency services to Delaware Service Company, Inc, the transfer agent for The Delaware Investments Family of Funds and Optimum Fund Trust.
BNY Mellon will provide shareholder services, call centre servicing and financial and regulatory reporting services for The Delaware Investments Family of Funds. It will provide various back office support functions for the Optimum Fund Trust. These two mutual fund complexes had a combined USD36 billion in assets and more than one million shareholder accounts as of May 2011.
"We have selected BNY Mellon for its technology platform and scalable call centre capabilities," says Phil Russo, chief administrative officer of Delaware Investments. "We also view BNY Mellon as a key provider that can work with us to further strengthen our account servicing in today's rapidly evolving marketplace."
Michael DeNofrio, head of US investor services within BNY Mellon Asset Servicing's Global Financial Institutions business, says: "We are pleased to extend our relationship with Delaware Investments, which has been a significant client for middle-office, custody, fund administration and fund accounting services. We look forward to further supporting Delaware Investments with our investor services technology and helping it compete in today's challenging market."
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