BNY said it was selected to support a multi-year operating model optimization at Allianz Global Investors. BNY will provide middle- and back-office solutions globally, along with custody, depositary, transfer agency and fund administration services. The services will cover operations in Germany, Luxembourg and the UK. Steffen Lanzinner, Chief Technology Officer at AllianzGI, and Emily Portney, Global Head of Asset Servicing at BNY, commented on the arrangement.
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