Source: BNY Mellon Asset Servicing
BNY Mellon Asset Servicing, the global leader in asset servicing, has been selected by Old Mutual Capital as global custodian for its mutual fund business, which manages more than $5 billion in assets.
In addition, BNY Mellon Asset Servicing will provide fund administration, accounting services and some ancillary services.
"The Bank of New York Mellon was a known entity to us, as they are a reputable industry leader," said Julian Sluyters, president and chief operating officer, Old Mutual Capital, Inc. "We are a very focused organization and are intent on providing the highest level of service to our shareholders, and the consistent quality of asset servicing is a critical element in helping us do so."
"Old Mutual Capital will benefit from our flexible reporting options, ability to deliver a suite of integrated products, and responsive service," said Joseph Keenan, managing director, BNY Mellon US Asset Services. "This appointment demonstrates our dedication to meeting the unique requirements of each asset manager, regardless of fund structure."