PITTSBURGH, July 18 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing announced that it will administer the back office, including trade processing, bank loan processing, investment accounting, reconciliations and performance measurement, for Logan Circle Partners, a Philadelphia-based investment group that focuses on fixed income strategies for institutional investors. BNY Mellon Asset Servicing also will provide client statements and billing to clients of Logan Circle, which formed earlier this year. "We continue to build our business of providing back-office support for start-up asset managers, many of which have grown into substantial businesses," said Vince Sands, executive vice president of BNY Mellon Asset Servicing. "Savvy start-ups such as Logan Circle are concentrating their efforts on investment strategies and other front-office activities and relying on our asset servicing expertise for their back-end operations." "The merger of The Bank of New York and Mellon Financial has created an asset servicing group with the breadth, technology and top-notch client service that we require to support our own rapidly growing business," said Michael Bishof, chief operating officer and chief financial officer of Logan Circle Partners. Logan Circle Partners is a privately held asset management firm focused exclusively on institutional investment management services. Logan Circle Partners will offer separate accounts to clients in each of the following fixed-income disciplines, as well as limited partnerships for selected strategies: limited term, enhanced mortgage, intermediate, extended duration, core, global, core plus, emerging markets, high yield, inflation protected bond and corporate. 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. With more than $18 trillion in assets under custody and administration, the group holds strong market leadership positions across all major business lines. The Bank of New York Mellon Corporation is a global financial services company focused on helping clients move and manage 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 and wealth management, asset servicing, issuer services, and treasury services through a worldwide client-focused team. It has more than $18 trillion in assets under custody and administration and $1 trillion in assets under management, and it services more than $11 trillion in outstanding debt. Additional information is available at http://www.bnymellon.com/. DATASOURCE: Bank of New York Mellon Corporation CONTACT: Mike Dunn of Bank of New York Mellon Corporation, +1-212-922-7859, Web site: http://www.bnymellon.com/

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