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BNY Mellon Service KAG appointed by VVO Haberger AG to launch and manage new fund range

BNY Mellon, the global leader in investment management and investment services, has been appointed to launch and manage VVO Haberger AG's new Private Label Funds via its affiliate BNY Mellon Service KAG.

BNY Mellon will provide the Munich-based company with bespoke KAG ('Kapitalanlagegesellschaft'), custody and depotbank services.

Andreas Haberger, Co-CEO of VVO Haberger AG, said: "BNY Mellon Service KAG impressed us when it came to those fund structures which are relevant to us." VVO Haberger AG Co-CEO Florian Haberger added: "No other service provider has been able to demonstrate a similar wealth of experience and put together such a customised package."

Thomas Grunewald, Managing Director, BNY Mellon Service KAG, said: "BNY Mellon Service KAG and VVO Haberger AG both offer products that are tailored to individual customer needs. For both companies, the focus is also on 'high-touch' personal contact and building deeper relationships with our clients. This common ground represents an ideal basis for our partnership."