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Products September 22, 2010
BNY Mellon Captures Back-Office Service Mandate
September 22, 2010 (PLANSPONSOR.com) – BNY Mellon Asset Servicing has received a new mandate to provide back-office services for ARGA Investment Management, LP, a Stamford, Connecticut-based global equity money manager.
Reported by PLANSPONSOR staff
A news release said BNY Mellon will provide ARGA with a range of outsourcing services, including trade support, accounting, reconciliations, performance measurement, client statements, and client billing.
“New and growing asset management firms like ARGA need to prioritize what they do best and where an outside provider can enhance efficiency,” said Lou Maiuri, global head of outsourcing for BNY Mellon Asset Servicing.
BNY Mellon’s outsourcing offering, OnCore, combines technology and operations to deliver a suite of middle-office and data management solutions. BNY Mellon currently provides middle-office outsourcing for 60 clients with a combined $1.4 trillion in assets, according to the news release.