BNY Mellon Asset Servicing to Provide Managed Account Outsourcing for Mesirow Financial
August 03 2009 - 8:35AM
PR Newswire (US)
BOSTON, Aug. 3 /PRNewswire-FirstCall/ -- BNY Mellon Asset
Servicing, the global leader in securities servicing, has announced
it will provide managed accounts outsourcing support on more than
$200 million in client assets of Mesirow Financial, a Chicago-based
diversified financial services firm. BNY Mellon will provide a
range of services, including account opening and maintenance
transaction support, custodian reconciliation, and performance
measurement. BNY Mellon Asset Servicing started providing
investment manager outsourcing services for Mesirow Financial in
November 2008 and recently added another segment of the firm's
managed accounts business. "BNY Mellon is known for the quality of
its service model and its commitment to outsourcing, both in terms
of technology and people investments," said Joanne Rohn, managing
director at Mesirow Financial. "Our clients demand superior value
from us, and we have great trust in BNY Mellon as a partner who can
deliver on the same level." "We've been able to move quickly to
identify the resources and capabilities needed to support Mesirow
Financial's continued growth," said Vince Sands, executive vice
president of BNY Mellon Asset Servicing. "Now more than ever, it
makes sense for financial services firms to focus on their core
competencies and client relationships while turning to providers
like us for account and back office support." Mesirow Financial is
a diversified financial services firm headquartered in Chicago.
Founded in 1937, it is an independent, employee-owned firm with
nearly $31.7 billion in assets under management and more than 1,100
employees in locations across the country and in London. With
expertise in investment management, investment services, insurance
services, investment banking, consulting and real estate, Mesirow
Financial strives to meet the financial needs of institutions,
public sector entities, corporations and individuals. More
information is available at mesirowfinancial.com. 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 (NYSE:BK) 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
$20.7 trillion in assets under custody and administration, $926
billion in assets under management, services more than $11.8
trillion in outstanding debt, and processes global payments
averaging $1.8 trillion per day. Additional information is
available at 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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