Suite of solutions for global assets valued at EUR23 billion

BNY Mellon has been appointed by BBVA Asset Management (BBVA) to provide a comprehensive suite of solutions to BBVA’s EUR23 billion global funds range via its Derivatives360 offering.

Through Derivatives360, BBVA will be able to take advantage of a broad range of tailored, middle office services including OTC trade affirmation and confirmation, independent (third-party) valuation, lifecycle event management, portfolio reconciliation, and collateral management and custody. With BNY Mellon’s expertise and coordinated approach in servicing derivatives globally, the key benefits for BBVA address its unique needs across multiple global locations, enhance its overall product offering in the alternatives space and provide greater access to local client coverage.

Patrick Tadie, global business head for Derivatives360 at BNY Mellon, said: “BBVA’s decision to choose Derivatives360 for its increasingly sophisticated derivatives servicing needs in Spain and Mexico underlines how we are delivering capabilities from across our whole organization to benefit investors and issuers.”

Frank Froud, Head of Europe, Middle East & Africa at BNY Mellon Asset Servicing, said: “We have expanded our successful relationship with BBVA Asset Management into the derivatives space with Derivatives360. We will support them in respect to credit considerations and product complexity, as well as their emerging needs arising from regulation and on-going industry standardisation. This approach will ensure BBVA benefits from end-to-end support and transparency, before, during and after a trade.”