BNY Mellon Asset Servicing wins O'Shaughnessy outsourcing deal

Source: BNY Mellon Asset Servicing

BNY Mellon Asset Servicing, the global leader in asset servicing, has announced that it will provide managed accounts and institutional back office outsourcing support for O'Shaughnessy Asset Management LLC, a Stamford, CT-based quantitative investment firm lead by James P. O'Shaughnessy.

BNY Mellon Asset Servicing will provide a range of value-added support services for O'Shaughnessy's managed accounts and institutional accounts, such as account administration, transaction processing, portfolio accounting, custodian reconciliations, performance measurement, client reporting, and client billing.

"BNY Mellon's reputation in both small and large outsourcing efforts, and the quality of its service model, made this an easy decision for us," said Chris Loveless, president of O'Shaughnessy Asset Management. "Our clients expect superior value from us, and we know BNY Mellon is a partner who will deliver on that level."

"Demand for outsourcing services from newly established investment management firms like O'Shaughnessy Asset Management continues to surge," said Vince Sands, executive vice president of BNY Mellon Asset Servicing. "These smart, young companies are focusing on their skills in managing money for clients, while turning to us for account and back office support."

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