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BNY Gets BBVA Service Mandate

BBVA’s asset management unit BBVA Asset Management has appointed Bank of New York Mellon Corp. for its Derivatives360 offering.

BBVA’s asset management unit BBVA Asset Management has appointed Bank of New York Mellon Corp. (BNY Mellon) for its Derivatives360 offering. The global investment management and services leader will provide a comprehensive group of solutions to BBVA's €23 billion global funds range through the offering.

With Derivatives360, BBVA will be able to access a broad range of tailored middle-office services comprising over-the-trade trade affirmation and confirmation, independent (third-party) valuation, lifecycle event management and portfolio reconciliation. The BNY offering lends end-to-end support and transparency, before, during and after a trade is transacted.

Click here for the release from PR Newswire.

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