Huber Capital Management Outsources Back Office to BNY Mellon Asset Servicing
September 26 2007 - 8:30AM
PR Newswire (US)
LOS ANGELES, Sept. 26 /PRNewswire-FirstCall/ -- BNY Mellon Asset
Servicing, the global leader in asset servicing, has announced that
it will provide U.S. and global back office support for Huber
Capital Management LLC, a Los Angeles-based investment management
firm that specializes in U.S. equity value strategies. BNY Mellon
Asset Servicing will provide a wide range of value-added support
services, including transaction processing, portfolio accounting,
reconciliations, performance measurement, client reporting, and
client billing. "Huber Capital Management is dedicated to providing
its clients with the highest quality resources. The BNY Mellon
Asset Servicing platform will allow us to properly scale the
business commensurate with our growth, while maintaining the
highest level of client servicing," said Joe Huber, chief executive
officer. "BNY Mellon Asset Servicing's systems architecture truly
represents a complete and total back office outsourcing solution,
allowing us to focus on our core business of asset management,"
added Gary Thomas, Huber's chief operating officer. "We continue to
see growing demand for outsourcing services from newly established
investment management firms," said Vince Sands, executive vice
president of BNY Mellon Asset Servicing. "Our Los Angeles
outsourcing facility is also ideally located to these emerging
companies and driving our business expansion on the West Coast."
Huber Capital Management, LLC is a value-oriented investment
advisory firm headquartered in Los Angeles, California. Founded in
2007, the firm was formed by bringing together a successful group
of highly motivated investment professionals and a best of breed
process and discipline. Huber Capital Management's goal is to
provide clients with the best risk adjusted long-term returns in
the industry along with superior client service. BNY Mellon Asset
Servicing offers clients worldwide a broad spectrum of specialized
asset servicing capabilities, including custody and fund services,
securities lending, performance and analytics, and execution
services. BNY Mellon Asset Servicing provides services through The
Bank of New York, Mellon Bank, N.A. and other related companies.
The Bank of New York Mellon Corporation is a global financial
services company focused on helping clients manage and move their
financial assets, operating in 37 countries and serving more than
100 markets. The company is a leading provider of financial
services for institutions, corporations and high-net-worth
individuals, providing superior asset management and wealth
management, asset servicing, issuer services and treasury services
through a worldwide client-focused team. It has more than $20
trillion in assets under custody and administration and more than
$1 trillion in assets under management. Additional information is
available at http://www.bnymellon.com/. DATASOURCE: The Bank of New
York Mellon Corporation CONTACT: Joseph F. Ailinger Jr. of The Bank
of New York Mellon Corporation, +1-617-722-7571, Web site:
http://www.bnymellon.com/
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