BNY Mellon and Banca Mediolanum sign distribution agreement
BNY Mellon Investment Management has signed a distribution agreement with Banca Mediolanum as well as an investment deal with Mediolanum Vita, the company life insurance unit.
The BNY Mellon Global Funds Sicav range will be on offer for Banca Mediolanum’s retail clients through the bank’s 4,500 strong Family Banker team. The fund range spans bond, equity, absolute return and flexible funds.
BNY Mellon has also made four of its strategies available on Banca Mediolanum’s life insurance unit Mediolanum Vita, as part of its Mediolanum Mylife policy.
The four strategies include:
- BNY Mellon Global Real Return
- BNY Mellon Absolute Return Equity
- BNY Mellon Global Higher Income
- Newton Asian Income
BNY Mellon Italy MD Marco Palacino (pictured) said the agreement is in line with the manager’s plan to reach the Italian retail investment community.