- BNY Mellon (BK -0.7%) is in exclusive talks with Deutsche Asset & Wealth Management in which DeAWM would outsource its real estate fund finance, fund accounting, asset management accounting, and client and financial reporting functions to BK.
- As part of the deal (about $47.6B in AUM), about 80 members of DeAWM's global real estate fund finance team would transfer to BNY Mellon. The move would make BK one of the largest real estate fund administrators in the market, and it's hoped an agreement can be inked before the end of the year.
- Source: Press Release
BNY Mellon moves to boost real estate fund administration business
From other sites
Video at CNBC.com (May 11, 2015)
at CNBC.com (Apr 9, 2015)
Video at CNBC.com (Apr 7, 2015)
at CNBC.com (Mar 19, 2015)
Video at CNBC.com (Mar 10, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs