The Bank of New York announced Monday it has been selected by ABN Amro Investment Fund Services of Chicago to provide outsourcing services for its new separately managed account product.

The New York-based bank, through its BNY Smart Source business, will be responsible for all middle and back-office functions for ABN Amro’s managed account offering, including trade support, model and rotation management, account maintenance, investment accounting, reconciliation and AIMR compliance. BONY will also facilitate the complete technology infrastructure to support the business.

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