Source: BNY Mellon Asset Servicing
BNY Mellon Asset Servicing, the global leader in asset servicing, announced that it will administer the back-office for NorthPointe Capital, LLC.
BNY Mellon Asset Servicing will provide a number of outsourcing services, including account administration, transaction processing, account reconciliation, performance measurement, client reporting and client billing.
"We knew BNY Mellon's strong reputation in back-office outsourcing, and were equally impressed by its people and their approach to servicing our needs," said Beth Grabel, director of operations at NorthPointe Capital. "Operationally, our partnership with BNY Mellon brings significant advantages both in terms of data quality and client service."
"NorthPointe Capital's mission is built around producing outstanding investment results in each of the products they manage," said Vince Sands, executive vice president of BNY Mellon Asset Servicing. "In the same way, we strive to deliver outstanding back-office support that will enable money managers like NorthPointe to focus on investment strategies and growing their business."
NorthPointe Capital is the 18th investment manager outsourcing win for BNY Mellon Asset Servicing in the last 12 months, including previously announced mandates with Cowen Asset Management, O'Shaughnessy Asset Management, Huber Capital Management, and Logan Circle Partners. Combined, these 18 firms manage more than $200 billion in assets across multiple investment styles and asset classes.