The Bank of New York Mellon and Investor Analytics Form Strategic Alliance To Provide Enterprise-Wide Risk Management and Report
June 08 2009 - 7:00AM
PR Newswire (US)
Extension of relationship strengthens focus on risk transparency
and other solutions to meet growing regulator and investor demands
BOSTON and LONDON, June 8 /PRNewswire-FirstCall/ -- The Bank of New
York Mellon (NYSE:BK), the global leader in asset management and
securities servicing, announced that it has formed a strategic
alliance with Investor Analytics (IA), a global leader in risk
analysis and risk management solutions, to provide enterprise-wide
risk analysis and reporting for asset owners and managers. The
alliance will make IA's sophisticated risk analyses available to
BNY Mellon clients worldwide, including banks, pension funds, asset
managers, hedge funds, and other investment professionals. Through
this new alliance, BNY Mellon clients will have access to tools to
measure and manage investment risks across multiple asset classes,
strategies and portfolios using state of the art risk analytics,
calculations, portfolio stress testing, and historical scenario
analysis. Asset managers are increasingly being asked by regulators
and investors alike to provide multi-dimensional views as part of a
comprehensive risk monitoring process. The new reports can be
tailored to satisfy local regulatory requirements or investment
norms, including UCITS III reporting, and complement BNY Mellon's
existing analytic capabilities for single manager equity and fixed
income funds, hedge fund of funds, and private equity portfolios.
Clients who subscribe to the service will have multiple channels to
access the reports, including on-line via BNY Mellon's Workbench
platform as well as through Investor Analytics directly. "Risk and
the need for greater transparency have moved to the top of the
agenda of financial institutions worldwide," said John Gruber, BNY
Mellon Asset Servicing's head of Global Product Management,
Performance & Risk Analytics. "Deepening our relationship with
Investor Analytics allows us to bring superior risk management
innovations to the market. By marrying our solutions, we're ideally
placed to work closely with these institutions, facilitating the
flow of data that informs their investment decisions." Damian
Handzy, chairman and CEO of IA added, "Investor Analytics is
excited to be working with BNY Mellon to offer our unique market
risk analyses in combination with the Bank's superior custody and
back office services. Today more than ever, portfolio managers and
investors are calling for specific risk transparency tools and
reports that this strategic alliance is designed to address."
Recently, Investor Analytics unveiled A3, a new suite of advanced
risk analytics for the investment management industry. Available to
BNY Mellon clients alongside IA's existing platform, A3 provides
unique reports that include liquidity risk exposures, potential
fraud indicators, loss statistics, risk decompositions, and return
attribution. BNY Mellon has had an equity stake in Investor
Analytics for five years and recently increased its investment.
Investor Analytics LLC, headquartered in Berkeley Heights, New
Jersey with offices in Midtown Manhattan and Central Ohio, has been
providing portfolio and risk management services to the hedge fund
industry since 1999. Investor Analytics employs proprietary
methodologies to analyze complex investment portfolios and provides
clients with a suite of risk and transparency analyses. 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 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 34 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
$19.5 trillion in assets under custody and administration, $881
billion in assets under management, services more than $11 trillion
in outstanding debt, and processes global payments averaging $1.8
trillion per day. 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
Louisa Bartoszek, +44-20-7163-2826, , both of BNY Mellon; Investor
Analytics: Caroline A. Chartier, +1-212-810-9218, Web Site:
http://www.bnymellon.com/
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