BNY Mellon Asset Servicing has been appointed by Invesco to provide global custody, fund accounting and fund administration services for assets valued over US$50bn within a portfolio of 135 funds domiciled in Dublin, Luxembourg and the UK.
This is the first time that Invesco has contracted with a third party to provide fund accounting services for its UK funds and its range of Dublin and Luxembourg offshore funds.
Under the terms of the new arrangement, the Invesco employees currently delivering these services have been offered career opportunities with BNY Mellon.
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