To: Jeffrey EMeevacation@gmail.comj
From: Richard Kahn
Sent Wed 7/2/2014 7:46:56 PM
Subject: Bank of New York Mellon
BNY Mellon moves to boost real estate fund
administration business
Jul 2 2014, 15:20 ET
• BNY Mellon (BK -0.7%) is in exclusive talks with Deutsche Asset & Wealth
Management in which DeAWM would outsource its real estate fund finance, fund
accounting, asset management accounting, and client and financial reporting functions to
BK.
• As pan of the deal (about $47.6M in AUM), about 80 members of DeAWM's global real
estate fund finance team would transfer to BNY Mellon. The move would make BK one of
the largest real estate fund administrators in the market, and it's hoped an agreement can be
inked before the end of the year.
Richard Kahn
III3RK Associates Inc.
EFTA_R1_00363796
EFTA01920608