BNY Mellon Asset Servicing, has signed a five-year extension to its outsourcing agreement with The TCW Group, Inc., an asset management firm based in Los Angeles.
Through the new agreement, BNY Mellon Asset Servicing will continue to support all of TCW’s back and middle office investment operations, including trade processing, bank loan processing, investment accounting, partnership accounting, performance, attribution, analytics, financial statements, client billing and client statements.
“We look forward to continuing our partnership with BNY Mellon Asset Servicing,” says TCW President William Sonneborn. “Their commitment to ever-improving technology and services goes a long way toward helping TCW accomplish its business objectives.”
Vince Sands, executive vice president of BNY Mellon Asset Servicing adds: “We’re pleased that TCW has decided to renew its relationship with us, and we look forward to meeting their needs both now and well into the future.”