BNY Mellon Asset Servicing has been selected by Old Mutual Capital as global custodian for its mutual fund business, which manages more than $5 billion in assets.
In addition, BNY Mellon Asset Servicing will provide fund administration, accounting services and some ancillary services.
“The Bank of New York Mellon was a known entity to us, as they are a reputable industry leader. We are a very focused organisation and are intent on providing the highest level of service to our shareholders, and the consistent quality of asset servicing is a critical element in helping us do so,” says Julian Sluyters, president and COO, Old Mutual Capital, Inc.
“Old Mutual Capital will benefit from our flexible reporting options, ability to deliver a suite of integrated products, and responsive service. This appointment demonstrates our dedication to meeting the unique requirements of each asset manager, regardless of fund structure,” adds Joseph Keenan, managing director, BNY Mellon US Asset Services.