BNY Mellon has been selected to provide derivatives collateral management services via its DM Edge platform to Ikano Fund Management, the Luxembourg-based investment manager.
DM Edge facilitates for clients the administrative, processing, reinvestment and valuation activities associated with posting and receiving collateral for over-the-counter derivative transactions.
“We selected BNY Mellon as our collateral management partner as the DM Edge platform is technically superior to its rivals with good reporting functions and the general flexibility that we need,” says Claus Thulstrup, COO, Ikano Fund Management S.A. “The company’s collateral management team has a good understanding of the derivatives business and we look forward to working with them to help minimize counterparty exposure for our clients.”
Art Certosimo, senior executive vice president and CEO of Broker-Dealer Services and Alternative Investment Services at BNY Mellon, adds: “Our DM Edge platform provides clients with a technically advanced scalable solution which helps clients maximize the use of their derivatives margin as well as reducing their risk profile.”– cjg