BNY Mellon has launched an Alliance Program, allowing it to join forces with service providers in the retirement and business process outsourcing (BPO) market segments.
The firm says Alliance participants may offer to their end clients a broader array of products offered by BNY Mellon. It also allows BNY Mellon to expand its reach into new markets and to a broader client base, the firm says.
BPO companies will be able to provide their clients BNY Mellon treasury, trust, custody and capital markets products, while retirement segment participants in the Alliance will be able to offer their clients an array of BNY Mellon asset management, asset servicing and plan sponsor support services.
“Alliance participants are looking for innovative solutions in the retirement and business service provider space that allows them to become more efficient, says Tom Gallagher, head of BNY Mellon’s Alliance Program. Combining our capabilities with our Alliance participants makes this a reality. Our Alliance Program enlists not just our own extensive capabilities, but also those of clients and third parties in developing solutions that help our clients succeed.”
(CG)