BNY Mellon wins PSigma fund administration mandate

Source: BNY Mellon Asset Servicing

BNY Mellon Asset Servicing, the global leader in securities servicing, has been appointed by PSigma Asset Management, to provide transfer agency and fund accounting to its four existing unit trusts: UK Income, UK Growth, American Growth and European Income valued at 350 million pounds Sterling.

PSigma Asset Management is a boutique investment management company set up in January 2007; a 50/50 joint venture partnership between Punter Southall Group and Bill Mott, Graham Fuller and Ian Chimes (founding partners).

Commenting on BNY Mellon Asset Servicing's appointment, Ian Chimes, Managing Director at PSigma Asset Management, said: "We are at an important stage in our company's growth therefore it was essential to choose an investor services provider with an exceptional track record in partnering with rapidly accelerating boutique companies. After evaluating the alternatives available in the marketplace, we are confident that BNY Mellon Asset Servicing provides the best strategic fit to help us achieve our long-term business objectives."

"PSigma has big aspirations and the right people to grow quickly," said Nadine Chakar, executive vice president and head of EMEA at BNY Mellon Asset Servicing. "Their ability to attract so much new money to the PSigma Income fund in a very short period of time is testament to this. We believe that PSigma is an exciting company to be partnering with and we are honoured that they chose BNY Mellon Asset Servicing to deliver the infrastructure they need to succeed. We look forward to supporting the team as their business rapidly accelerates over the coming months."

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