Aviva Investors, the global asset management business of Aviva plc, has appointed BNY Mellon to provide a fully integrated operating model for certain front-office support services, as well as middle- and back-office activities. BNY Mellon will provide a comprehensive solution which encompasses asset services including custody, fund administration and depositary, as well as more advanced front-office support, including mandate monitoring and performance measurement.
BNY Mellon’s Data Vault, a cloud-based data platform, will enable Aviva Investors to unlock insights and accelerate access to analytics for teams across the investment lifecycle. This provides Aviva Investors with an improved ability to focus on core investment and client-related activities.
Mark Versey, CEO at Aviva Investors, said: “As part of our efforts to simplify our supplier model and ensure we have a best-in-class, scalable operating model for the benefits of our business and clients, we are delighted to enter this transformative partnership with BNY Mellon, which has invested heavily to provide leading operational and data services to asset management businesses. Outsourcing some of these services to BNY Mellon will allow us to enhance our client proposition and improve operational efficiency.”
Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom, with GBP232bn AuM (USD250bn) as at 30 June 2022. Earlier this year it appointed HSBC and Mount Street as administrators for its GBP50bn (USD54bn) real assets portfolio.