UOB AM awards BNY Mellon Japan custody mandate

UOB Asset Management has made BNY Mellon Asset Servicing the trustee, fund administrator and custodian of its Cayman-domiciled United Asia Bond Multi Currency Fund. The fund, which has about ¥5 billion ($50 million) in AUM, is part of UOB AM's United Multi Asset Strategy Fund. This is the first time UOB AM, a subsidiary of Singapore's United Overseas Bank, has awarded BNY Mellon this type of business and has done so as a direct result of the US firm's Japanese expertise. Masashi Ohmat…