BNY Mellon Asset Servicing and Wilshire Associates extend alliance

Source: BNY Mellon Asset Servicing

BNY Mellon Asset Servicing, the global leader in securities servicing, and Wilshire Associates Incorporated, a leading global investment technology, financial services and consulting firm, announced today that they have extended their strategic alliance.

The Bank of New York (BNY) formed a strategic alliance with Wilshire in 2004, before the merger with Mellon Financial Corporation in July 2007, giving BNY clients access to daily security level factor-based performance attribution, risk and characteristics for equity, fixed income and total plan assets. Clients also benefited from online access to the Wilshire Trust Universe Comparison Service platform.

The new and expanded agreement extends the client base that can benefit from Wilshire's advanced analytics capabilities to include clients of both legacy BNY and Mellon businesses. Clients also will benefit from having an outsourced solution for their data management, production, and support challenges. This, of course, will enable the clients to focus on their core business of adding value to their investments.

Taken together, BNY Mellon Asset Servicing and Wilshire Associates provide global risk services to more than 2,550 institutional investor clients that manage more than $22.1 trillion in assets.

Gerald L. Hassell, president of The Bank of New York Mellon, comments: "Our relationship with Wilshire has been an outstanding success and we are delighted to extend our alliance so that all our clients can reap the benefits. Wilshire's advanced attribution and analytics offerings provide the perfect complement to our powerful performance measurement and analytical capabilities, enabling us to offer a more compelling and holistic solution to global institutional clients."

Dennis A. Tito, chairman and chief executive officer of Wilshire Associates, comments: "The Bank of New York Mellon and Wilshire share a commitment to and passion for exceeding our clients' expectations and providing cutting edge tools to serve the rapidly changing needs of the global investment community. We are excited about the future and look forward to continuing our association with BNY Mellon as we raise the bar and provide clients worldwide with a premier suite of risk and performaformance attribution services."

Debra A. Baker, managing director, Global Product Management - Performance & Risk Analytics at BNY Mellon Asset Servicing, adds: "Now, more than ever, our clients are looking to us to provide advanced attribution methodologies, intuitive risk management tools, and extended reporting capabilities. Our alliance with Wilshire will assist in empowering us to continue to meet the client demand for advanced risk management services across the regions and across multiple market segments."

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