BNY Mellon Asset Servicing Wins Outsourcing Mandate with O'Shaughnessy Asset Management
October 16 2007 - 9:45AM
PR Newswire (US)
BOSTON, Oct. 16 /PRNewswire-FirstCall/ -- BNY Mellon Asset
Servicing, the global leader in asset servicing, has announced that
it will provide managed accounts and institutional back office
outsourcing support for O'Shaughnessy Asset Management LLC, a
Stamford, CT-based quantitative investment firm lead by James P.
O'Shaughnessy. BNY Mellon Asset Servicing will provide a range of
value-added support services for O'Shaughnessy's managed accounts
and institutional accounts, such as account administration,
transaction processing, portfolio accounting, custodian
reconciliations, performance measurement, client reporting, and
client billing. "BNY Mellon's reputation in both small and large
outsourcing efforts, and the quality of its service model, made
this an easy decision for us," said Chris Loveless, president of
O'Shaughnessy Asset Management. "Our clients expect superior value
from us, and we know BNY Mellon is a partner who will deliver on
that level." "Demand for outsourcing services from newly
established investment management firms like O'Shaughnessy Asset
Management continues to surge," said Vince Sands, executive vice
president of BNY Mellon Asset Servicing. "These smart, young
companies are focusing on their skills in managing money for
clients, while turning to us for account and back office support."
O'Shaughnessy Asset Management, LLC is a quantitative money
management firm headquartered in Stamford, CT. The company delivers
a broad range of equity portfolios to institutional investors and
the high net-worth clients of financial advisors, and also serves
as a sub-adviser to a family of mutual funds through the Royal Bank
of Canada. O'Shaughnessy and his portfolio team manage more than
$13 billion in client assets. 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 service 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, clearing services and treasury services
through a worldwide client-focused team. It has more than $20
trillion in assets under custody and administration, more than $1
trillion in assets under management and services $11 trillion in
outstanding debt. Additional information is available at
http://www.bnymellon.com/. DATASOURCE: The Bank of New York Mellon
Corporation CONTACT: Joseph F. Ailinger Jr., +1-617-722-7571, or
Web site: http://www.bnymellon.com/
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