BNY Selected to Support Multi-Year Operating Model Optimization at AllianzGI

BNY (NYSE: BK), a global financial services company, today announces that it has been selected to support an operating model optimization at Allianz Global Investors (AllianzGI), one of the world's leading active asset managers.

Through this strategic relationship, BNY will provide an integrated investment operating model with a focus on middle and back-office solutions globally as well as custody, depositary, transfer agency and fund administration across Germany, Luxembourg and the UK.

This optimization will help futureproof AllianzGI's investment operating model so that the firm continues to have the scalable, high-performing technology platforms it needs to deliver an exceptional experience to clients. Placing AI and modern data infrastructure at the heart of how the firm operates will also help enhance productivity, enabling faster work, clearer insights and better outcomes for clients and teams alike.

"As the investment industry and the needs of our clients continue to evolve, AllianzGI is seizing a strategic opportunity to optimize its investment operating model and position our business for future growth," said Steffen Lanzinner, Chief Technology Officer at Allianz Global Investors. "This end-to-end optimization of our operating model will ensure that we can continue to provide our clients with the outstanding client service they know from AllianzGI for years to come."

"We are excited to work so closely with AllianzGI on this critical strategic transformation," said Emily Portney, Global Head of Asset Servicing at BNY. "Our combined innovative approach and complementary expertise as well as our strong cultural fit will enable AllianzGI to focus on what matters most to them - delivering for their clients."