Delaware Investments Appoints BNY Mellon Asset Servicing as Fund Services Provider for New Irish-Domiciled UCITS Fund

LONDON, March 5 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing,the global leader in securities servicing, has been awarded a fulladministration mandate by Delaware Investments for its offshore UCITS IIIfund complex, Delaware Investments Global Funds plc. Domiciled in Dublin,Delaware Investments Global Funds plc has launched five sub-funds sinceDecember. Following a rigorous selection procedure of European providers, BNYMellon Asset Servicing has been appointed to be providing fundadministration, custody and trustee services to Delaware Investments GlobalFunds plc. The five equity sub-funds, which invest respectively in US LargeCap Growth, US Large Cap Value, Global Real Estate, Emerging Markets andGlobal Value, will initial target the private banking and fund of fundmarketplace. BNY Mellon Asset Servicing has acted as Delaware's asset servicingprovider since 2000 providing primarily custody services, but additionallysecurities lending, foreign exchange, cash management and client reportingservices. "We have a long-standing relationship with Mellon in the U.S. and havebeen very impressed with the excellent service the team have delivered,"said Chris McCarthy, co-head of sub-advisory sales and services at DelawareInvestments. "After a thorough review of the market, we decided that BNYMellon Asset Servicing was best-placed to partner our offshore debut due totheir strong track record and understanding of the complex requirements inadministering funds domiciled in Dublin." "We are honoured to partner with Delaware Investments in launching thisnew UCITS III fund based in Dublin," said Harley Murphy, head of offshoremanagement at BNY Mellon Asset Servicing. "Our appointment shows that wehave the people and expertise all around the world to meet client'sdifferent needs. Ireland remains a key area of focus for BNY Mellon AssetServicing, and we will continue to grow our capability and presence in thisjurisdiction to ensure we remain a leading provider of customised solutionsto our rapidly growing client base." Notes to editors BNY Mellon Asset Servicing offers clients worldwide a broad spectrum ofspecialised asset servicing capabilities, including custody and fundservices, securities lending, performance and analytics, and executionservices. BNY Mellon Asset Servicing provides services through The Bank ofNew York, Mellon Bank, N.A. and other related companies. The Bank of New York Mellon Corporation is a global financial servicescompany focused on helping clients manage and service their financialassets, operating in 34 countries and serving more than 100 markets. Thecompany is a leading provider of financial services for institutions,corporations and high-net-worth individuals, providing superior assetmanagement and wealth management, asset servicing, issuer services,clearing services and treasury services through a worldwide client-focusedteam. It has more than $23 trillion in assets under custody andadministration, more than $1.1 trillion in assets under management andservices $11 trillion in outstanding debt. Additional information isavailable at bnymellon.com.