LONDON (Reuters) - Aviva (LON:AV) Investors has agreed a deal to outsource data and back office functions to BNY Mellon, the two companies said on Tuesday, as the investment division of the British insurer looks to bolster its services to clients and cut costs.

Asset managers have increasingly been handing over responsibility for back office functions such as custody of securities to third parties, while outsourcing has in some cases extended as far as front office functions such as trading.

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