18 August 2017
Find out more

Logan Circle selects BNY Mellon for back office administration

18 July 2007  |  1867 views  |  0 Source: BNY Mellon Asset Servicing

BNY Mellon Asset Servicing announced that it will administer the back office, including trade processing, bank loan processing, investment accounting, reconciliations and performance measurement, for Logan Circle Partners, a Philadelphia-based investment group that focuses on fixed income strategies for institutional investors.

BNY Mellon Asset Servicing also will provide client statements and billing to clients of Logan Circle, which formed earlier this year.

"We continue to build our business of providing back-office support for start-up asset managers, many of which have grown into substantial businesses," said Vince Sands, executive vice president of BNY Mellon Asset Servicing. "Savvy start-ups such as Logan Circle are concentrating their efforts on investment strategies and other front-office activities and relying on our asset servicing expertise for their back-end operations."

"The merger of The Bank of New York and Mellon Financial has created an asset servicing group with the breadth, technology and top-notch client service that we require to support our own rapidly growing business," said Michael Bishof, chief operating officer and chief financial officer of Logan Circle Partners.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10144 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8409 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7846 views 0 | 1 tweets | 9 linkedin
Uneasy sits the crown as cash use continues declineUneasy sits the crown as cash use continue...
7773 views comments | 3 tweets | 7 linkedin