Effective February 1

BNY Mellon and DeAWM Complete Real Estate Fund Administration Outsourcing Deal

Date:

BNY Mellon and DeAWM Complete Real Estate Fund Administration Outsourcing Deal

Author: Fórmate a Fondo

  1. Partnership underscores rising demand for administration services for real estate and infrastructure assets
  2. Deutsche AWM will outsource its direct real estate and infrastructure fund finance, fund accounting, asset management accounting, and client and financial reporting functions to BNY Mellon
  3. Up to 80 members of Deutsche AWM's fund finance team are expected to transfer to BNY Mellon and become part of its Alternative Investment Services business