Aon Hewitt has appointed BNY Mellon to provide fund administration services across the two Irish-domiciled fund ranges with assets totaling almost £4 billion.
The funds are the asset platform of Aon Hewitt’s Delegated Consulting Services.
The new mandate will also see BNY Mellon providing performance and risk analytics, securities lending and portfolio hedging.
George Mortimer, UK Chief Operating Officer for Delegated Consulting Services at Aon Hewitt, said: “We were looking for an innovative solution to optimise our Irish fund structure, in a way that leveraged to the benefit of all our clients the $45bn of delegated assets we have globally. BNY Mellon’s commitment to designing and implementing the right solution for us was a key factor in our decision.”
Aon Hewitt provides fiduciary management services to UK pension schemes.
BNY Mellon to Administer Two Irish Domiciled Funds
Aon Hewitt has appointed BNY Mellon to provide fund administration services across the two Irish-domiciled fund ranges with assets totaling almost £4 billion.
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