BNY Mellon Asset Servicing has passed the $150 billion milestone in offshore money market fund assets under administration and custody.
Administered across BNY Mellon Asset Servicing’s Irish servicing centres in Dublin and Cork, the company has a total of $160 billion in offshore money market fund structures domiciled in Ireland on behalf of 51 funds and 15 of the world’s leading money managers.
“This represents a significant milestone for us,” says Robert Darmanin, executive vice president at BNY Mellon Asset Servicing and head of European sales. “Our first ever client back in 1995 was a money market fund client, and we have worked very hard to remain at the forefront in providing world class servicing for this asset class.”